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4424 SIMCOE STREET
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4424 SIMCOE STREET $2,400,000
4 days ago
$2,400,000
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4424 SIMCOE STREET
Niagara Falls (210 - Downtown), Ontario L2E1T8

MLS® Number: X9859990

Listing 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. (37462681)

Location Description

Simcoe St / Palmer Ave

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Community Name
210 - Downtown
Land Size
125 ac
Annual Property Taxes
$20,292
Time on REALTOR.ca
4 days

Building

Heating & Cooling
Heating Type
Baseboard heaters
Utilities
Water
Municipal water
Business
Business Type
Residential (Apartments)

Land

Lot Features
Frontage
125
Other Property Information
Zoning Description
R2 (residential)
Data provided by: Toronto Regional Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1

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