4768 Crysler Avenue Niagara Falls, Ontario L2E 3W1

$799,900

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. (id:50877)

Business

Business Type	Residential
Business Sub Type	Apartments

Property Details

MLS® Number	X12168345
Property Type	Multi-family
Community Name	210 - Downtown
Amenities Near By	Highway, Public Transit
Parking Space Total	4

Building

Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	2,390 Ft2
Type	Multi-family
Utility Water	Municipal Water

Land

Acreage	No
Land Amenities	Highway, Public Transit
Size Depth	100 Ft
Size Frontage	50 Ft
Size Irregular	50 X 100 Ft
Size Total Text	50 X 100 Ft
Zoning Description	R5f

https://www.realtor.ca/real-estate/28355975/4768-crysler-avenue-niagara-falls-downtown-210-downtown