Active

4424 Simcoe St

Niagara Falls Ontario, L2E 1T8

C$2,400,000


C$128.13 per sqft

Active

18,731 sqft

Commercial

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.

X9859990

MLS ID

November 1, 2024

Updated

Map

4424 Simcoe St
Niagara Falls Ontario, L2E 1T8

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

N


Heating

Yes


Heating Description

Baseboard

Exterior/Building Features

Lot Size

0.61 Acres


Sewer

SanStorm

Other Property Details

Taxes

$20,292


Tax Frequency

Annually


Garage

No


Parking

Outside/Surface


View

No


County

Ontario


Municipality

Niagara Falls


Water Source

Municipal


Pool

No


Zoning

R2 (residential)

 

Courtesy of Listed by , COLLIERS,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 1:16 AM UTC, 11/1/2024

 

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