Added 1 month ago
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Type: Investment
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Property Type: Commercial
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Business Type: Apts-6 To 12 Units
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Zoning: R2 (residential)
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Age: No Data
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Taxes: 20292
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MLS®#: X9859990
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Days on Site: 4 Days
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Added: Oct 27, 2024 (1 month ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: COLLIERS
This 9-unit multifamily building at 4424 Simcoe Street, Niagara Falls, has undergone significant improvements, positioning it as a prime investment in a sought-after location. The building features spacious two-bedroom units, providing comfortable living spaces that appeal to a wide range of tenants. Recent updates have enhanced the building's appeal and durability, including refreshed interiors and well-maintained common areas. Located at the corner of Simcoe Street and Palmer Avenue, residents enjoy easy access to the city's attractions and essential amenities. With a strong projected net operating income (NOI) of $137,465 and competitive market rental rates, this asset offers stable returns with room for future growth. Fully serviced units and 15 surface parking stalls complete the offering, making this property and excellent addition to any investment portfolio.
Property
Status: Sale
Type: Apts-6 To 12 Units
Property Type: Investment
Property Type: Apartment
Area: Niagara Falls
Inside
Air Conditioning: N
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Baseboard
Elevator: None
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Outside/Surface
Fees
Tax Year: 2024
Tax Legal Description: PT LT 44 S/S SIMCOE ST PL 1001 TOWN OF NIAGARA FALLS; PT LT 152
Taxes: $20,292
Taxes Type: Annual
Land
Cross Street: Simcoe St / Palmer A
Municipality District: Niagara Falls
Parcel Number: 643420043
Sewer: San+Storm
Lot Depth: 211 Acres
Lot Frontage: 125 Acres
Zoning: R2 (residential)
Commercial Specific
Total Area: 0.43
Total Area Metric: Acres
Lot Code: Lot
ÉÉC Saint-Antoine
Elementary: CatholicÉcole élémentaire LaMarsh
Elementary: PublicSimcoe Street Public School
Elementary: PublicSt Patrick Catholic Elementary School
Elementary: CatholicSt Mary Catholic Elementary School
Elementary: CatholicValley Way Public School
Elementary: PublicThorold Secondary School
Secondary: PublicWestlane Secondary School
Secondary: PublicStamford Collegiate
Secondary: PublicSaint Michael Catholic High School
Secondary: CatholicSaint Paul Catholic High School
Secondary: CatholicA N Myer Secondary School
Secondary: Public
