5749 SUMMER STREET Niagara Falls

5749 SUMMER STREET, Niagara Falls, Ontario

$940,000

  • 10 Beds
  • 1 Bath
Legal Non-Conforming 4-Plex + In-Law Suite | Prime Investment Opportunity. Fantastic income property featuring 5 x 2-bedroom units, including a lower-level 2-bedroom in-law suite with separate entrance. Set on a large 60.14 x 160.75 ft lot, this turnkey building includes a detached double garage, concrete driveway, and parking for all units. Four units have been recently renovated with approx $240,000 in upgrades, plus a brand-new coin-operated laundry room (2024). Additional updates include breaker panels, windows and doors, basement waterproofing, roofs (2011), boiler (2012), and bathroom upgrades throughout several units. Gross annual income approximately $97,686 with a desirable cap rate exceeding 8%. Ideally located just steps from the hospital, public transit, shopping, and other amenities in a rapidly evolving area of Niagara Falls. Potential Land Assembly Opportunity: The adjacent corner parcel is also currently available for purchase (sold separately), offering purchasers the opportunity to explore a potential land assembly and larger combined site footprint. Whether maintaining the existing income-producing assets or investigating future redevelopment possibilities, buyers are encouraged to complete their own due diligence regarding zoning, permitted uses, redevelopment potential, and municipal requirements. A rare opportunity to acquire a high-performing income property with immediate cash flow, significant recent capital improvements, and potential long-term upside in one of Niagara Falls' growing neighbourhoods. (id:50004)
  • Listing ID: X13233040
  • Property Type: Multi-family

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Details

  • Parking Spaces: 4
  • Transaction: For sale
  • Zoning Description: R2

Building

  • Cooling: None
  • Fireplace Present: False
  • Bathrooms (Total): 1
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Type: Multi-Family
  • Utility Water: Municipal water

Land

  • Acreage: true
  • Size Frontage: 60 ft ,1 in
  • Size Irregular: 9645
  • Size Total: 9645 ac

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    This property for sale is located at 5749 SUMMER STREET in Niagara Falls. It was last modified on June 3rd 2026.
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