Unlock long-term value and reliable returns with this professionally improved 9-unit multifamily building located at a prominent corner in the heart of Niagara Falls. Featuring spacious, fully serviced two-bedroom units, this asset blends tenant appeal with operational efficiency.Recent enhance ments including updated interiors, refreshed common areas, and strong infrastructure ensure minimal capital expenditure for years to come. With 15 surface parking stalls, well-managed tenancy, and a projected NOI of $137,465, this building offers immediate income with significant upside potential through market rent growth.Positioned near key amenities and Niagara's renowned attractions, this location provides convenience and demand stability for both short- and long-term tenants. Whether you're expanding your portfolio or seeking a premium asset with growth trajectory, 4424 Simcoe Street is a standout opportunity. Highlights:9 large 2-bedroom units. Recent capital improvements NOI: $137,465Ample on-site parking (15 spaces). Prime corner location with future upside. (id:61594)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X12196060 |
| Property Type | Multi-family |
| Community Name | 210 - Downtown |
| Heating Type | Baseboard Heaters |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 211 Ft |
| Size Frontage | 125 Ft |
| Size Irregular | 0.43 |
| Size Total | 0.43 Ac |
| Size Total Text | 0.43 Ac |
| Zoning Description | R2 (residential) |
https://www.realtor.ca/real-estate/28416362/4424-simcoe-street-niagara-falls-downtown-210-downtown
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