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$1,499,000
Est. payment /mo
9 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Subdivision 216 - Dorchester
MLS Listing ID X13612460
Annual Tax Amount $20,443
Tax Year 2025
Property Sub-Type Store W Apt/Office
Property Description
Exceptional mixed-use investment opportunity in one of Niagara Falls' most convenient and sought-after commercial corridors! Ideally situated in a high-visibility, central location just minutes from the Lundy's Lane Tourist District and the Fallsview Casino District, this well-maintained property offers outstanding long-term income potential in a thriving area.The property consists of two buildings with ample on-site parking, offering a total of nine rental units, including three commercial units and six residential apartments. Generating approximately $157,000 in annual gross rental income and offering a cap rate of approximately 7.5%, this is an excellent opportunity for investors seeking strong, reliable returns.One of the property's greatest assets is its exceptional tenant profile. Two of the commercial tenants have successfully operated their businesses here for over five years, while all six residential units are occupied by long-term tenants who take pride in their homes, maintain their units exceptionally well, and have an excellent history of on-time rent payments. Rents are largely in line with today's market, providing immediate, dependable cash flow while offering continued upside. With a stable tenant base and well-maintained buildings, this is truly a minimal-management investment.Ownership has completed numerous capital improvements, including a new electrical panel in Building #2, new owned hot water tanks in Building #1, and a new sewage system servicing Building #2, giving future owners added confidence and reducing the likelihood of major capital expenses.Whether you're expanding an existing portfolio or acquiring your first mixed-use asset, opportunities like this are becoming increasingly rare. A turnkey investment offering strong financial performance, quality tenants, and an unbeatable Niagara Falls location. Please click the links attached to for a full property virtual tour/photos. 1 of the agents will meet you there so it's easy to show.
Location
Province ON
County Niagara
Area Niagara
Interior
Cooling Yes
Exterior
Community Features Major Highway, Public Transit
Utilities Available Available
Lot Frontage 119.99
Lot Depth 115.0
Others
Security Features Yes
ParcelsYN No
Virtual Tour https://6235drummond.com/
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Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE
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