$3,887,000
FOR SALE

Investment

Lot: 90.5 x 150 ftTotal Area: 18,000 ft2
2023 Taxes: $30,800

4511 Queen St
Niagara Falls, ON L2E 2L4 | Niagara

Two building 4497-4501-4507-4511-4515 Queen St. side by side in downtown Niagara Falls, each building in two levels with a total of 18,000 sqft! 10000 sqft Commercial and 8000 Residential building located in downtown core of Niagara Falls with full basement. Commercial spaces, fully leased with A tenants. The second floor has 10 fully renovated apartments, and is fully furnished, eight units, one bedroom apartments, two units two bedrooms, ready for short-term rental (Airbnb or long-term rental) steps away from newly opened Niagara University. Near the City Hall, train station, high foot traffic area. More than 7% cap rate. High potential for future development, the city is already allowed to build a minimum 6 stories building. Zoning CB Central Business locations.
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Listed By RE/MAX PREMIER INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8368926
Last Updated Aug 20, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 6 to 12 Units
Category Apartment
Legal Description PT LT 11& LT 12 BLK BB PL 999-1000 AS IN RO702095
Occupancy Partial
Possession Date TBD
Taxes (2023) $30,800
Tax Type Annual
Directions/Cross Streets Queen St / Victoria Ave
Area Niagara
Price History

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Detailed Information
Freestanding Y
Lot 90.5 x 150 ft
Retail Area 10,000 ft2
Office/Apt Area 8,000 ft2
Total Area 18,000 ft2
Elevator None
Air Conditioning Y
Basement Y
Garage Type None
Heat Type Gas Forced Air Open
Sprinklers N
Sewers Sanitary
Utilities A
Water Municipal
Rail N
Lot/Bldg/Unit Code Lot
Zoning CB
Seller Property Info Statement N

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