5748 Leonard Avenue, Niagara Falls | Image 1

5748 Leonard Avenue

Niagara Falls

  • Commercial

$XXX,XXX
For Sale

Added 2 weeks ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: R2

  • Age: No Data

  • Taxes: 3025

  • MLS®#: X9414986

  • Days on Site: 17 Days

  • Added: Oct 02, 2024 (2 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • 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

  • 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

JK-8

École élémentaire LaMarsh

Elementary: Public
1.65 km
JK-8

Heximer Avenue Public School

Elementary: Public
1.54 km
JK-8

St Mary Catholic Elementary School

Elementary: Catholic
1.71 km
JK-8

Cherrywood Acres Public School

Elementary: Public
1.77 km
JK-8

Our Lady of Mount Carmel Catholic Elementary School

Elementary: Catholic
1.34 km
JK-8

Princess Margaret Public School

Elementary: Public
0.81 km
9-12

Thorold Secondary School

Secondary: Public
9.10 km
9-12

Westlane Secondary School

Secondary: Public
2.64 km
9-12

Stamford Collegiate

Secondary: Public
0.10 km
Pre-Grade 9-12

Saint Michael Catholic High School

Secondary: Catholic
4.21 km
Pre-Grade 9-12

Saint Paul Catholic High School

Secondary: Catholic
3.05 km
9-12

A N Myer Secondary School

Secondary: Public
3.48 km
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