$699,000 FOR SALE

Duplex

Bedrooms: 6Bathrooms: 3Lot: 50 x 131 ft

5748 Leonard Avenue
Niagara Falls, ON L2G 4R1

Prime Investment Opportunity in a Highly Sought-After Location! Discover this exceptionally well-located investment property, perfectly positioned near the vibrant Lundy's Lane tourist area. Enjoy the convenience of being close to popular restaurants, shopping centers, public transit, schools, parks, and major tourist destinations, with easy highway access. This property is zoned R2 and offers a versatile duplex setup with an additional 2-bedroom suite in the basement. Each unit features 2 bedrooms and private entrances, providing comfort and privacy for all occupants. The property is fully occupied, month-to-month tenants. Tenants pay their own hydro, with three separate hydro meters in place. Rent for the main floor unit includes heat, water, and internet, adding extra value. Maximize your investment potential with the detached double garage, Previously leased as a workshop or storage space, it comes equipped with a separate panel that can be reconnected to the hydro meter, along with water and sewer pipes that are currently capped off. Additional features include a partially fenced yard and a storage shed behind the garage. This property is available immediately with tenants in place, offering an excellent opportunity for savvy investors to make the most of their investment dollars. Don't miss out on this fantastic property in a prime location! (id:47423)

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Listed By RE/MAX NIAGARA REALTY LTD, Brokerage
Data Provided By Niagara Association of REALTORS®
MLS® Listing Number 40658629
Last Updated Oct 04, 2024
Property Summary
Property Type Duplex

More like this:
Subdivision 215 - Hospital
Price History
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Detailed Information
Bedrooms 6
Bathrooms 3
Lot 50 x 131 ft
Amenities Nearby Park, Public Transit, Schools, Shopping
Community Features School Bus
Equipment Water Heater
Listing Contract Date 2024-10-02
Location Description North off Lundy's Lane
Ownership Type Freehold
# of Parking Spaces 5
Property Type Multi-family
Rental Equipment Water Heater
Structures Shed
Transaction Type For sale
Zoning Description R2
Building
Basement Development Partially finished
Basement Type Full (Partially finished)
Constructed Date 1910
Cooling Type None
Exterior Finish Other
Fire Protection Unknown
Foundation Type Block
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 2
Type Duplex
Utility Water Municipal water
Parking Spaces
Name Spaces
Detached Garage
Land
Total Size under 1/2 acre
Access Type Highway access
Amenities Park, Public Transit, Schools, Shopping
Sewer Municipal sewage system

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