4768 CRYSLER Avenue, Niagara Falls, ON L2E 3W1

Niagara Falls L2E 3W1 Ontario

MLS: X12168345

$799,900

Added 7 days ago | For Sale

Listed by: ROYAL LEPAGE NRC REALTY

About Property

FULLY RENOVATED LEGAL 4-PLEX IN RAPIDLY DEVELOPING NIAGARA FALLS LOCATION! Located just steps from the Niagara River, Niagara Falls University, Clifton Hill, and the GO Station, this fully remodelled multi-family property is an investors dream! With over $67,000 in annual income and a strong 6.75% cap rate, this turn-key opportunity offers both immediate cash flow and long-term appreciation. This LEGAL 4-plex features four fully self-contained, above-grade units - all updated with modern finishes to attract quality tenants. The finished lower level includes a shared laundry area, boosting tenant convenience and income potential. Set on an R5-zoned lot with ample parking and bordering future residential development, this property is surrounded by signs of growth - making it a rare chance to invest in a downtown neighbourhood with future redevelopment potential. BONUS: Seller is covering the first year of property taxes for the new owner, reducing your operating costs from day one.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 50 X 100
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Victoria Ave to Morrison and Left on Crysler Ave
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $3827
  • Bedrooms:
  • Total Parking Spaces:4
  • Parking Places:4
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12168345

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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