For Sale · Land

96 - 4552 PORTAGE ROAD, Niagara Falls (Cherrywood)

96 - 4552 PORTAGE ROAD, Niagara Falls (Cherrywood), ON L2E6A8

$654,900 total

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Asset Class

Land

Size

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Building class

A

Zoning

AG — Agricultural

$ / SF

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Occupancy

97%

About this property

EXTRAODINARY FIND! IN-LAW suite with a SEPARATE ENTRANCE. Premium location BACKING onto a GREEN SPACE, this IMMACULATE townhome is filled with EXTRA features. Great for entertaining the open concept offers a well equipped kitchen and includes the appliances. Nature is at your doorstep just out the sliding door to the ULTRA PRIVATE yard with NO REAR NEIGHBOURS. The inviting primary suite is a cut above. His and her separate walk in closets plus a spacious ensuite. The step saving laundry room on the BEDROOM LEVEL includes the washer and dryer. This END UNIT offers a DOUBLE GARAGE AND DRIVE for convenient parking. It is a MUST SEE to appreciate all the upgrades that make this a special home. Located CENTRAL TO AMENITIES and not far from the tourist core, shopping and public transit. A great family home or rental with an EXTRA IN-LAW UNIT in the basement. This is a vacant land condo resulting in a LOW MONTHLY FEE OF $112. Well located, enjoy the neighbourhood park and walking trail. (id:66811)

Financial sandbox

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Estimate
Purchase price$655K
Down payment30% · $196K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$32K

Annual cash flow

$-4K

Cash-on-cash

-2.13%

DSCR

0.88

Going-in cap

4.90%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

132,618

Households

57,704

Median income

$86,500

Median age

42

Daytime population

199,410

5-yr growth

7.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 96 - 4552 PORTAGE ROAD, Niagara Falls (Cherrywood).

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.