$2,400,000
4424 Simcoe ST Niagara Falls, ON L2E 1T8
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$2,400,000
Est. payment /mo
Active
4424 Simcoe ST Niagara Falls, ON L2E 1T8
UPDATED:
10/31/2024 06:50 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID X9859990
Annual Tax Amount $20,292
Tax Year 2024
Property Description
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.
Location
Province ON
County Niagara
Area 210 - Downtown
Interior
Cooling No
Exterior
Utilities Available Yes
Parking Type Outside/Surface
Listed by COLLIERS
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