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$1,499,000
Est. payment /mo
5,718 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 5,718 sqft
Price per Sqft $262
Subdivision 211 - Cherrywood
MLS Listing ID X12146097
Annual Tax Amount $18,581
Tax Year 2025
Property Sub-Type Investment
Property Description
Solid 8 unit brick apartment building in downtown Niagara Falls. Fully rented. 5% cap rate, with potential to increase. Close to downtown tourist district, bus stop, train station, library, City Hall, park, schools, and shopping area. Over $150k spent on renovation in 2024, including new windows, roof, entrance doors, staircases; and new kitchens, washrooms, floorings in some units. Tenants pay own hydro, 9 separate meters. 8 reserved parking spots are located at 4659 First Ave, Niagara Falls.
Location
Province ON
County Niagara
Community 211 - Cherrywood
Area Niagara
Zoning R2
Interior
Cooling No
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Available
Lot Frontage 60.0
Lot Depth 100.0
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Listed by ELONG REALTY BROKERAGE, INC.