UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital)UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 2UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 3UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 4UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 5UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 6UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 7UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 8UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 9UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 10UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 11UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 12UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 13UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 14UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 15UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 16UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 17UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital) — photo 18
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For Lease · Multifamily

UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital)

UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital), ON L2G1M5

Price on request

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

—

Occupancy

86%

About this property

Fully Renovated 2-Bedroom Unit for Lease All Inclusive! Beautifully renovated unit featuring modern finishes and noise insulation. This bright and spacious 2-bedroom, 1-bathroom unit is move-in ready and offered at $1,900/month all-inclusive, tenants only pay for their own Wi-Fi and cable. Located in a prime Niagara Falls location, just minutes from downtown, Lundys Lane shopping district, schools, the hospital, and both the bus and GO stations. Quick access to Highway 420 and QEW makes commuting a breeze! Enjoy one included parking space, with additional parking available for a fee. A brand-new coin-operated laundry room (2024) is conveniently located on the basement level. Available immediately. Great opportunity to live in a freshly renovated home steps from all major amenities! (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.50M
Down payment30% · $450K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$71K

Annual cash flow

$-12K

Cash-on-cash

-2.69%

DSCR

0.85

Going-in cap

4.74%

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

84,969

Households

37,071

Median income

$81,500

Median age

42.5

Daytime population

107,505

5-yr growth

3.3%

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

Secure deal room

Confidential diligence documents for UNIT 2 - 5749 SUMMER STREET, Niagara Falls (Hospital).

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.