A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, unknown for 5749 Summer St, Niagara Falls Ontario L2G 1M5
65 days on Market

5749 Summer St, Niagara Falls, Ontario L2G 1M5

Townhouse
10
5
~1500-2000 sqft
$970,000
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Townhouse
10
5
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$566/sqft

Est. Mortgage$4,166/mo

Tax Amount (2024)$4,513/yr

Days On Market65 days


Description

Legal Non-Conforming 4-Plex + In-Law Suite. Prime Investment Opportunity! Impressive rental income featuring 5 x 2-bedroom units, including a lower-level 2-bedroom in-law suite with separate entrance. Set on a large 60.14 x 160.75 ft lot, this turnkey building includes a detached double garage, concrete driveway, and parking for all units. 4 units recently renovated with over $240K in upgrades, plus a brand-new coin-operated laundry room (2024). Additional updates: breaker panels, windows/doors, basement waterproofing, roofs (2011), boiler (2012), and bathroom upgrades across several units. Gross annual income approx: $97,086! with very desirable CAP rate of approx 7.72%. Located steps from the hospital, transit, and amenities. Development potential on an oversized lot in a high-demand location!


Property Details

Style2-Storey
View-
Age of property-
SqFt~1500-2000 SqFt
Lot Size9,667 SqFt(160.75 x 60.14)
Parking Spaces6
MLS ®NumberX12091339
Community NameDrummond / Victoria
Data SourceTRREB
Listing byOUR NEIGHBOURHOOD REALTY INC.

Features

Heating: Other
Basement: Walk-Up

Features

Lot size: 9,667 SqFt

Parking

Garage spaces 2

Garage type Detached

Other parking spaces 4

Total parking spaces 6


Property History

Apr 18, 2025
ListedActive
$970,000
65 days on market
history photo preview33
Listing by trreb®
Property listed by OUR NEIGHBOURHOOD REALTY INC., Brokerage
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Market Data - Drummond / Victoria

Geo Zone Map ThumbnailDrummond / Victoria

Strong Buyer's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

24 days

Compared to

2024

39 days

2023

12 days

2022

23 days

New Listings

Past 30 days

13 listings

Compared to

2024

7 listings

2023

2 listings

2022

6 listings

Units sold

Past 30 days

3 units

Compared to

2024

2 units

2023

2 units

2022

4 units

Median Sold Price

Past 30 days

$600,000

Compared to

2024

$609,950

2023

$666,000

2022

$573,500


Population and Demographics

Overview

Total population 19892
Average household income $83,057

Age (%)

65 and plus
22%
50 to 64
21%
20 to 34
21%
0 to 19
18%
35 to 49
18%

Household composition (%)

Single family
55%
Single person
37%
Multi person
7%
Multi family
1%

Mother tongue (%)

English
81%
Others
4%
Italian
3%
Tagalog (Pilipino, Filipino)
3%
French
2%
Punjabi (Panjabi)
2%
Spanish
2%

House tenancy (%)

Owners
56%
Renters
44%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget