$940,000

Investment For Sale In Drummond / Victoria, Niagara Falls, Ontario

$940,000

Property Information:

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.4 units recently renovated with over $240K in upgrades, plus a brand-new coin-operated laundry room (2024). Additional updates: breaker panels, windows/doors, basement waterproofing, roofs (2011), boiler (2012), and bathroom upgrades across several units. Gross annual income approx: $96,500! with very desirable CAP rate of over 8% ! Located steps from the hospital, transit, and amenities. Development potential on an oversized lot in a high-demand location! (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 10
  • Bathrooms: 1
  • Lot Depth: 160.8 Feet
  • Lot Frontage: 60.1 Feet
  • Zoning: R2
  • No. of Parking Spaces: 4

Courtesy of: Royal LePage Our Neighbourhood Realty

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