See all 11 photos
11 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$899,900
Est. payment /mo
11 Beds
6 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision 451 - Downtown
MLS Listing ID X12074267
Style 3-Storey
Bedrooms 11
Building Age 51-99
Annual Tax Amount $7,620
Tax Year 2024
Property Sub-Type Multiplex
Property Description
Unlock a rare opportunity to own a multi 6-plex portfolio in a thriving rental market. This solid 6-plex unit offers five spacious 2 bedroom apartments and one 1 bedroom apartment, each with ample natural light. This a turn-key acquisition that is fully tenanted with room for upside. Situated on a large, landscaped lot with ample parking. This multi-family complex allows for each unit to have its own utility meter, making for simplified operations and strong expense control. This property offers a valuable income-generating opportunity with the addition of an on-site laundry facility. By installing coin-operated or app-based washers and dryers, investors can create a steady stream of passive revenue while increasing overall tenant satisfaction and retention. This property offers more than just a great location it presents a unique opportunity situated on an oversized lot, ample space for the potential addition of an Accessory Dwelling Unit (ADU), subject to city approval. Even better, the city currently offers a grant program(buyer to do due diligence) that may help offset construction costs, making this an ideal prospect for investors looking to maximize rental income. Don't miss your chance to take advantage and unlock the full potential of this property!
Location
Province ON
County Niagara
Community 451 - Downtown
Area Niagara
Rooms
Family Room No
Basement None
Kitchen 6
Interior
Interior Features Water Heater Owned
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 98.73
Lot Depth 110.98
Total Parking Spaces 11
Building
Unit Features Fenced Yard,Park,Place Of Worship,Public Transit,School
Foundation Concrete Block
Read Less Info
Listed by REVEL Realty Inc., Brokerage