$1,050,000

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

$1,050,000

Property Information:

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 5 x 2 bedroom units ( 1 with attached lower level 2 bedroom in-law suite w/ separate entrance ) & newly renovated shared coin operated laundry (2024). it is located just steps from Hospital, bus routes, shops and more. 1 rear + 2 front covered porches. 4 units currently occupied & 3 newly renovated unit (2023). 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. Proven Gross revenue of $88,000/year. For showings & Income/expense sheet + list of capital improvements (call me 289-968-7773)

Inclusions: Hot Water Tank Owned

Building Features:

  • Floor Space: 2000 Square Feet

Property Features:

  • Bedrooms: 10
  • Acres Range: < 0.5
  • Basement: Separate Entrance, Walk-Up Access, Full, Partially Finished
  • Construction Materials: Vinyl Siding
  • Cooling: None
  • Driveway Parking: Private Drive Single Wide, Visitor Parking
  • Fencing: Fence - Partial
  • Floor Space (approx): 2000 Square Feet
  • Heating: Radiator
  • Interior Features: Accessory Apartment
  • Laundry Features: Coin Operated
  • Lot Depth: 158.65 Feet
  • Lot Features: Rectangular, City Lot, Highway Access, Hospital, Public Parking, Public Transit, Quiet Area, School Bus Route, Schools, Shopping Nearby
  • Lot Frontage: 60.14 Feet
  • Parking Features: Detached Garage, Concrete
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: R2
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 6

Courtesy of: EXP REALTY

Data provided by: Niagara Association of REALTORS® 116 Niagara Street, St. Catharines, Ontario L2R 4L4
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