6 cap!! Steps from the beach! Cashflow AND long-term upside potential with this 8 unit apartment building. Some balconies offering water views of the Royal Canadian Henley Regatta. Situated in one of Niagara's most desirable neighborhoods, surrounded by multi-million dollar homes, and just a 5-minute walk to the active Port Dalhousie beach front, where there are volleyball tournaments, boat marina, vendors, concerts, and active night life. With water on 3 sides of this neighborhood, your long-term value will always appreciate. Additionally, benefit from the new instant hot water system installed in 2022. This is the main street which directs traffic to and from the QEW - great for your commercial tenant. Acquire this asset with built-in equity today. Small VTB available at list price. Opportunity to get most funds out through CMHC select loan program. Time to step up. Portfolio defining asset with room for growth and near future value over $2m!! Don't miss this! (id:47423)
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Detailed Information
Lot
36 x 115 ft
Amenities Nearby
Marina, Public Transit, Schools
Community Features
High Traffic Area
Features
Visual exposure
Listing Contract Date
2024-09-17
Location Description
Exit Seventh Street, at both roundabouts, stay on Seventh Street, turn right onto Lakeshore Rd which turns into Main.
Ownership Type
Freehold
Property Type
Office
Transaction Type
For sale
Zoning Description
C1
Building
Basement Type
None
Exterior Finish
Brick Veneer, Vinyl siding
Foundation Type
Block
Stories Total
2
Size (Exterior)
6800
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Access Type
Highway access
Amenities
Marina, Public Transit, Schools
Sewer
Municipal sewage system
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