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5749 Summer Street Niagara Falls, ON L2G 1M5
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Key Details
Sold Price $740,000
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $370
MLS Listing ID 40330256
Sold Date 10/25/22
Bedrooms 10
Abv Grd Liv Area 2,000
Originating Board Niagara
Annual Tax Amount $3,863
Property Description
Legal non-conforming 4-Plex with additional lower level "in-law suite", detached double garage, concrete drive and parking pad for all 4 units. Building features 4 x 2 bedroom units ( + 1 with attached lower level 2 bedroom in-law suite w/ separate entrance ) & shared coin operated laundry located just steps from Hospital, bus routes, shops and more. 1 rear + 2 front covered porches. 3 units currently occupied & 1 newly renovated unit (2022) vacant and ready to rent. Additional updates include 2 updated 100amp breaker panels, windows & doors (2010 & 2015), Basement waterproofing (2011), concrete driveway & parking area (2011), Building & garage roofs (2011), High efficiency boiler system (2012), S/F/E's (2019) plus misc updates to baths (Unit 2 - 2007, Unit 4 - 2011, Unit 4 Lower - 2015 ). Detached double garage provides addition rental income potential + 2.5% rental increases have been issued to all units for January implementation. Income/expense sheet + list of capital improvements located in attachments.
Location
Province ON
County Niagara
Area Niagara Falls
Zoning R2
Direction Summer Street near Hospital between Main Street and Temperance
Rooms
Basement Separate Entrance, Walk-Up Access, Full, Partially Finished
Kitchen 0
Interior
Interior Features Accessory Apartment, In-law Capability, In-Law Floorplan
Heating Gas Hot Water
Cooling None
Fireplace No
Appliance Hot Water Tank Owned, Refrigerator, Stove
Laundry Common Area, In Basement
Exterior
Garage Detached Garage, Concrete
Garage Spaces 2.0
Fence Fence - Partial
Waterfront No
Roof Type Asphalt Shing
Lot Frontage 60.14
Lot Depth 158.65
Parking Type Detached Garage, Concrete
Garage Yes
Building
Lot Description Urban, Rectangular, City Lot, Highway Access, Hospital, Public Transit, School Bus Route, Schools, Shopping Nearby
Faces Summer Street near Hospital between Main Street and Temperance
Story 2
Foundation Concrete Block
Sewer Sewer (Municipal)
Water Municipal-Metered
Level or Stories 2
Structure Type Brick, Vinyl Siding
New Construction No
Others
Tax ID 643160082
Ownership Freehold/None
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