For Sale: 5749 Summer Street, Niagara Falls, ON - REW
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$940,000
10 bd • 1 ba • sf • Multifamily
5749 Summer Street
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$940,000
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5749 Summer StreetNiagara Falls, ON, L2G 1M5

  • 10 Bed
  • 1 Bath
  • Sqft
  • Multifamily

About this home

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. Potential Land Assembly Opportunity: The adjacent corner parcel is also currently available for purchase (sold separately), offering purchasers the opportunity to explore a potential land assembly and larger combined site footprint. 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. (id:63626)
Listed by: TARA HUSSEIN, Salesperson, Royal LePage Our Neighbourhood Realty

Home facts and features

Price details
List Price
$940,000
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Gross Taxes for 2026
$4,788
Home facts
Bedrooms
10
Full Bathrooms
1
Parking Spaces
4
Property Type
Multifamily
Lot Size
60 ft x 0 ft (9644.98 acres)
Depth
Frontage
60.1 feet
Heating Type
Forced air, Natural gas
Agent details
Primary Agent
TARA HUSSEIN
Primary Broker
Royal LePage Our Neighbourhood Realty
Listing details
Days on REW
5 Days
MLS® Number
X13233040
Source
Canadian Real Estate Association
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Property Insights

Stamford Collegiate
  • Public
  • 9 - 12
Valley Way Public School
  • Public
  • JK - 8
Princess Margaret Public School
  • Public
  • JK - 8
St Mary Catholic Elementary School
  • Catholic
  • JK - 8
Heximer Avenue Public School
  • Public
  • JK - 8
ÉÉC Saint-Antoine
  • Catholic
  • JK - 8
Our Lady of Mount Carmel Catholic Elementary School
  • Catholic
  • JK - 8
Simcoe Street Public School
  • Public
  • JK - 8
É Élém LaMarsh
  • Public
  • JK - 8
Father Hennepin Catholic Elementary School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Office:
416-639-7575
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