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$940,000
Ontario,Niagara Falls (Hospital)
For Sale Active
5749 SUMMER STREET, Niagara Falls (Hospital), Ontario L2G1M5
  • 10
  • 1
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Basic Details
Description

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:62783)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13233040
  • Price: $940,000
  • Bedrooms: 10
  • Bathrooms: 1
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 293315
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: None
Address Map
  • Location: CA, Ontario, Niagara Falls (Hospital), L2G1M5
  • Street: Summer
  • Street Number: 5749
  • Street Suffix: Street
  • Longitude: W80° 54' 35.3''
  • Latitude: N43° 5' 29.9''
Additional Information
  • Water Source:
  • Lot Size Dimensions: 9645
Financial
  • Tax Annual Amount: 4788.28
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Listing updated: 2026-06-21 04:12:45
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Listing Information
  • List Agent Key: 2165005
  • List Office Key: 293315
  • Modification Timestamp: 2026-06-03T15:11:29Z
  • Originating System Name: Toronto Regional Real Estate Board
  • Status Change Timestamp: 2026-06-03T15:02:18Z
Powered by REALTOR.ca
Listing updated: 2026-06-21 04:12:50
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