Added 1 month ago
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Type: Investment
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Property Type: Commercial
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Zoning: R2
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Age: No Data
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Taxes: 3025
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MLS®#: X9414986
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Days on Site: 46 Days
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Added: Oct 02, 2024 (1 month ago)
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Updated:
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Last Checked: 6 hours ago
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Listed By: RE/MAX NIAGARA REALTY LTD, BROKERAGE
Prime Investment Opportunity in a Highly Sought-After Location! Discover this exceptionally well-located investment property, perfectly positioned near the vibrant Lundy's Lane tourist area. Enjoy the convenience of being close to popular restaurants, shopping centers, public transit, schools, parks, and major tourist destinations, with easy highway access. This property is zoned R2 and offers a versatile duplex setup with an additional 2-bedroom suite in the basement. Each unit features 2 bedrooms and private entrances, providing comfort and privacy for all occupants. The property is fully occupied, month-to-month tenants. Tenants pay their own hydro, with three separate hydro meters in place. Rent for the main floor unit includes heat, water, and internet, adding extra value. Maximize your investment potential with the detached double garage, Previously leased as a workshop or storage space, it comes equipped with a separate panel that can be reconnected to the hydro meter, along with water and sewer pipes that are currently capped off. Additional features include a partially fenced yard and a storage shed behind the garage. This property is available immediately with tenants in place, offering an excellent opportunity for savvy investors to make the most of their investment dollars. Don't miss out on this fantastic property in a prime location!
Property
Status: Sale
Property Type: Investment
Area: Niagara Falls
Community: 215 - Hospital
Availability Date: with tenants
Assessment Amount: $201,000
Assessment Year: 2023
Inside
Bathrooms: 3
Air Conditioning: None
Washrooms: 3
Building
Basement: Y
Heat Type: Forced Air
Water Supply: Municipal
Parking
Garage Type: Detached
Covered Parking Spaces: 3
Fees
Tax Year: 2023
Tax Legal Description: PT LT 16 E/S LEONARD ST PL 2 STAMFORD; PT LT 17 E/S LEONARD ST P
Taxes: $3,025
Expenses: Act
Insurance Fee: 2239
Operating Fees: 10005
Hydro Expense: 1156
Heat Expenses: 1881
Land
Cross Street: North off Lundy's La
Municipality District: Niagara Falls
Parcel Number: 643140308
Sewer: Sewers
Lot Depth: 130.76 Feet
Lot Frontage: 50 Feet
Lot Irregularities: 130.76 ft x 50.72 ft
Zoning: R2
Commercial Specific
Total Area: 2444
Total Area Metric: Sq Ft
Area Influence: Park
Area Influence: Public Transit
Tangible Property Included: Y
École élémentaire LaMarsh
Elementary: PublicHeximer Avenue Public School
Elementary: PublicSt Mary Catholic Elementary School
Elementary: CatholicCherrywood Acres Public School
Elementary: PublicOur Lady of Mount Carmel Catholic Elementary School
Elementary: CatholicPrincess Margaret 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
