Connie Huibers - Coldwell Banker Momentum Logo
$940,000
( $98.09Per Sq Foot )
 $5,046 est/mo Sourced by Back At You

5749 Summer Street,Niagara Falls, ON L2G 1M5

Niagara Falls, ON L2G 1M5

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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. 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.

Details

MLS #X13233040
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site94
Listing Provided ByRoyal LePage Our Neighbourhood Realty | X13233040 289706

Features

Bed(s)10
Bath(s)1
SQ Feet9,583
Acreage0.22

Interior

CoolingNo

Utilities

UtilitiesYes

Taxes

Tax Annual Amount4788.28
Tax TypeN/A
Tax Legal DescriptionLT 5 BLK 3 PL 299 NIAGARA FALLS; PT LT 6 BLK 3 PL 299 NIAGARA FALLS AS IN RO752118 ; NIAGARA FALLS
Tax Year2025

Area Information

ProvinceON
RegionNiagara
CityNiagara Falls
Postal CodeL2G 1M5
Area215 Hospital
Listing VS Median (in L2G 1M5)
Price:
$940,000
low | high
Med:
$940,000
50% of Average
sqft:
9,583
low | high
Med:
9,583
50% of Average
$ / sqft:
$98
low | high
Med:
$98
50% of Average
On site:
94
low | high
Med:
94
100% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

Connie Huibers

Connie Huibers

Momentum Realty

Real Estate Broker (905) 988-7778connie-huibers@coldwellbanker.ca
ProvinceON
RegionNiagara
CityNiagara Falls
Postal CodeL2G 1M5
Area215 Hospital
Listing VS Median (in L2G 1M5)
Price:
$940,000
low | high
Med:
$940,000
50% of Average
sqft:
9,583
low | high
Med:
9,583
50% of Average
$ / sqft:
$98
low | high
Med:
$98
50% of Average
On site:
94
low | high
Med:
94
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $705K - $1.175M
sqft: 7,000 - 11,500
Nearby Listings Property ImageNearby Listings Details
5890 Main Street Property Photo 1
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5890 Main Street
Niagara Falls, ON L2G 5Z8
5890 Main Street Property Photo 1
$11
5890 Main Street
Niagara Falls, ON L2G 5Z8
Listing Updated: July 21, 2026 at 10:49:02 AM PDT

Connie Huibers - Coldwell Banker Momentum