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Key Details
Sold Price $655,000
Property Type Multi-Family
Sub Type Multiplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X12539904
Sold Date 12/11/25
Style 2-Storey
Bedrooms 6
Annual Tax Amount $3,055
Tax Year 2024
Property Sub-Type Multiplex
Lot Depth 100.0
Lot Front 45.11
Appx SqFt 2000-2500
Property Description
Turn key money maker!!! Solid and meticulously maintained 5 unit building located in fabulous neighbourhood close to park, public transit & shops + quick, convenient highway access. Fully occupied w/ NOI of 54,236.62 & Cap Rate near 8% / year with great upside for future rents. ( Unit #1 ( 2 bedroom ) $1488.66 , Unit #2 ( 1 bedroom ) $750.00, Unit #3 ( 1 bedroom ) $942.58, Unit #4 ( 1 bedroom ) $1350.00, Unit #5 ( 1 bedroom ) $1383.75. Units are super clean - building has newer 40yr roof (2018), newer furnace (2021), updated cooper and ABS plumbing & electrical ( 200amp ), replacement windows (2019) & freshly painted stucco exterior. Updates within the units include; newer vinyl plank flooring, 3 have new kitchens & minor update work in the baths ( Unit #2 bath is brand new ). All units have have excellent layouts + street parking permitted. Lower level is set up for future coin op laundry.
Location
Province ON
County Niagara
Community 773 - Lincoln/Crowland
Area Niagara
Zoning RL1
Rooms
Family Room No
Basement Apartment, Partially Finished, Separate Entrance, Walk-Up
Kitchen 5
Interior
Interior Features Water Meter
Cooling None
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 45.11
Lot Depth 100.0
Total Parking Spaces 3
Building
Foundation Concrete Block
Others
Senior Community No
Security Features Carbon Monoxide Detectors,Smoke Detector
ParcelsYN No
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