4768 CRYSLER AVE Active Save Request In-Person Tour Request Virtual Tour
Niagara Falls,ON L2E 3W1
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 2,390 sqft
Price per Sqft $334
Subdivision 210 - Downtown
MLS Listing ID X12168345
Annual Tax Amount $3,827
Tax Year 2024
Property Sub-Type Investment
Property Description
FULLY RENOVATED LEGAL 4-PLEX IN RAPIDLY DEVELOPING NIAGARA FALLS LOCATION! Located just steps from the Niagara River, Niagara Falls University, Clifton Hill, and the GO Station, this fully remodelled multi-family property is an investors dream! With over $67,000 in annual income and a strong 6.75% cap rate, this turn-key opportunity offers both immediate cash flow and long-term appreciation. This LEGAL 4-plex features four fully self-contained, above-grade units - all updated with modern finishes to attract quality tenants. The finished lower level includes a shared laundry area, boosting tenant convenience and income potential. Set on an R5-zoned lot with ample parking and bordering future residential development, this property is surrounded by signs of growth - making it a rare chance to invest in a downtown neighbourhood with future redevelopment potential. BONUS: Seller is covering the first year of property taxes for the new owner, reducing your operating costs from day one.
Location
Province ON
County Niagara
Community 210 - Downtown
Area Niagara
Rooms
Kitchen 0
Interior
Cooling No
Exterior
Community Features Major Highway,Public Transit
Utilities Available Yes
Lot Frontage 50.0
Lot Depth 100.0
Building
New Construction false