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