5749 Summer St - Multi-Family FOR SALE


Niagara Falls, ON L2G 1M5- Lundy's Lane | 
$940,000 CAD
416-841-9196

NO PHOTO

$940,000 CAD
Multi-Family - FOR SALE
null | Request Cap Rate

5749 Summer St
Niagara Falls, ON L2G 1M5
Lundy's Lane


HIGHLIGHTS

  • Legal non-conforming 4-plex with a separate-entry in-law suite, providing five two-bedroom rental units and diversified income streams.
  • Approximately $240,000 in recent renovations and capital improvements enhance tenant appeal and reduce near-term maintenance needs.
  • Large lot with detached double garage, concrete driveway, and ample parking to support resident convenience.
  • Located near the hospital, public transit, shopping, and everyday amenities in an evolving Niagara Falls neighbourhood.

OVERVIEW

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. 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.

FOR SALE DETAILS

PRICE

$940,000 CAD

PRICE/SF

$313 CAD /SF

# OF UNITS

4

PRICE/UNIT

$235,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,645 SF

ZONING

R2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tara HusseinOur Neighbourhood RealtyMore Info
416-841-9196

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Tara HusseinOur Neighbourhood RealtyMore Info
416-841-9196

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.