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Key Details
Sold Price $730,000
Property Type Multi-Family
Sub Type Multi-4 Unit
Listing Status Sold
Purchase Type For Sale
Square Footage 2,396 sqft
Price per Sqft $304
MLS Listing ID 40536710
Bedrooms 6
Annual Tax Amount $4,348
Property Description
Exceptional Investment Opportunity Awaits! Introducing a distinguished 4-unit
multi-residential property, brimming with original charm and character, located
within walking distance to the bustling casino and vibrant tourist attractions.
This investment gem is a lucrative venture for any savvy investor, offering a
mix of 2 one-bedroom units and 2 spacious two-bedroom units, all nestled on a
fully fenced and well-maintained 120 ft deep lot. Recent upgrades have
significantly enhanced the property's value, including a new roof and boiler
system both added in 2021, along with over $200,000 invested in renovations and
further upgrades. The commitment to safety is evident with a comprehensive fire
alarm system, an updated fire panel as of June 2015, and other infrastructure
improvements like a rebuilt front porch (2020), updated fencing (2019), a new
boiler control panel (2012), a modern hydro panel (2007), and an owned hot water
heater (replaced in 2017). This property is more than just a building; it
represents a turnkey investment with a proven track record of profitability and a
potential for even greater returns, positioned in a sought-after location.
Location
Province ON
County Niagara
Area Niagara Falls
Zoning R2
Rooms
Kitchen 0
Interior
Heating Radiant
Cooling Other
Laundry Common Area, In-Suite
Exterior
Waterfront No
Roof Type Asphalt Shing
Building
Lot Description Airport, City Lot, Highway Access, Hospital, Library, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, Rec./Community Centre, Regional Mall, Schools, Shopping Nearby
Story 2.5
Foundation Block
Sewer Sewer (Municipal)
Water Municipal
Structure Type Vinyl Siding
New Construction No
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