Milad Akrami
Sales Representative
Soltanian Real Estate, Brokerage
Independently owned and operated.
175 Willowdale Ave Suite 100, Toronto, Ontario M2N4Y9
Cell: 647-678-7799Office: 647-678-7799
$899,900
Available - For Sale
Listing ID: X12354526
5957 Barker Stre , Niagara Falls, L2G 1Y5, Niagara
| Prime Investment Opportunity: 4-Plex with updates, in the Heart of Niagara Falls. Unlock the potential of this recently updated 4-plex, perfectly positioned in a prime Niagara Falls location. This property presents a turnkey investment with significant upside, offering immediate rental income and future growth prospects.This multi-unit dwelling is an ideal addition to any real estate portfolio, boasting modern updates that attract quality tenants. The property's proximity to a wealth of amenities ensures high demand and low vacancy rates.Key Investment. Each of the four units have had updates to offer comfortable living spaces, minimizing the need for immediate capital expenditures.Additional Income Potential: The property includes a two-car garage, offering the opportunity for additional rental income.Future Rent Increases: With a strong and growing rental market in Niagara Falls, there is significant potential for future rent increases, maximizing your return on investment.Property Features:Solid construction with recent updates.Separate entrances for each unit. Location, Location, Location:Situated on Barker Street, this property offers residents convenient access to all that Niagara Falls has to offer. The surrounding neighborhood is quiet, yet just moments away from major attractions and essential services.Residents will appreciate the close proximity to:Shopping and Dining: A variety of grocery stores, including No Frills, and numerous restaurants are within a short walk or drive.Parks and Recreation: Enjoy nearby parks and green spaces for leisure and outdoor activities.Tourist Attractions: The world-famous Niagara Falls, Clifton Hill, and the Fallsview Casino Resort are all easily accessible, providing endless entertainment options. |
| Price | $899,900 |
| Taxes: | $4415.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 5957 Barker Stre , Niagara Falls, L2G 1Y5, Niagara |
| Postal Code: | L2G 1Y5 |
| Province/State: | Niagara |
| Legal Description: | PLAN 653 PT LOT 7 PT LOT 8 |
| Directions/Cross Streets: | MAIN ST |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 2420.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit |
| Approximatly Age: | 51-99 |
| Franchise: | F |
| Water Expense: | $2613 |
| Vacancy Allowance: | 4 |
| Net Income Before Debt: | $64844 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | No |
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| The Agency |
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Milad Akrami
Sales Representative
Dir:
647-678-7799
Bus:
647-678-7799
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Niagara Falls |
| Neighbourhood: | 216 - Dorchester |
| Approximate Age: | 51-99 |
| Tax: | $4,415 |
| Fireplace: | N |
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