$3,749,000
FOR SALE

Investment

Lot: 120 x 165 ft
2024 Taxes: $10,204

4118 Main St
Niagara Falls, ON L2G 6C3 | Niagara

21 unit apartment building. Vacant. 8.1% cap rate based on conservative market rents. This building still requires cosmetics upgrades on 17 of the units and 4 units require full kitchen and bathrooms and drywall. The heavy lifting of electrical and plumbing have been done. If you are looking for add value building and a project to work on this is ideal. Located right across Welland River.
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Listed By MYSAK REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9364202
Last Updated Sep 30, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - Over 20 Units
Category Apartment
Legal Description LT 1 PL 256 VILLAGE OF CHIPPAWA; LT 2 PL 256 VILLAGE OF CHIPPAWA ; PT LT 3 PL 256 VILLAGE OF CHIPPAWA, BEING PT 2 59R-17190; CITY OF NIAGARA FALLS
Occupancy Vacant
Possession Date TBA
Taxes (2024) $10,204
Tax Type Annual
Directions/Cross Streets Stanley Ave/ Main Street
Area Niagara
Price History

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Detailed Information
Freestanding Y
Lot 120 x 165 ft
Elevator None
Air Conditioning N
Basement Y
Garage Type Outside/Surface
Parking Spaces 29
Heat Type Gas Hot Water
Water Expense $27,500
Insurance Expense $10,880
Taxes Expense $10,204
Year Expenses $2,024
Expenses Actual/Estimated Est
Area Influences Public Transit
Utilities A
Water Municipal
Lot/Bldg/Unit Code Building
Zoning I, R1C, R2
Seller Property Info Statement N

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