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Niagara Falls, ON L2E 1T8,4424 Simcoe ST
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Niagara Falls, ON L2E 1T8,4424 Simcoe ST
Niagara Falls, ON L2E 1T8,4424 Simcoe ST
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 2,400,000
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4424 Simcoe ST Niagara Falls, ON L2E 1T8

UPDATED:

10/31/2024 06:50 PM

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

MLS Listing ID X9859990

Annual Tax Amount $20,292

Tax Year 2024

Property Description

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.

Location

Province ON

County Niagara

Area 210 - Downtown

Interior

Cooling No

Exterior

Utilities Available Yes

Listed by COLLIERS
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4424 Simcoe ST