Legal Student Housing/Group Home/Rooming House - 13% Cap Rate Potential .Completely Renovated And Fully Furnished Rooms On Upper Level With Beds,Mattress, Tv,Table,Chairs, Refrigerator,Microwave. Common Kitchen Area With Lounge And Dinning Area. Cctv + Dvr.5 Washrooms. Wifi Enabled. 11 Rooms On Upper Level And 6 Rooms Under Renovation In Basement Framing And Electrical Completed- Needs To Be Finished . Sold As Is. . Net Income Potential $91,000. |
Extras: New Furnace , New Washrooms, All Rooms And Common Areas Renovated On Upper Level. 17 Rooms. 5 Visitor Parkings. Can Also Be Used As Retirement/ Seniors Home.Easy For Off Site Owner To Manage. Zoning Confirmation Of Group Home Attached. |
Listed Price | $699,000 |
Taxes: | $3000.00 |
Tax Type: | Annual |
Occupancy by: | Tenant |
Address: | 5823 Temperance Ave , Niagara Falls, L2G4A9, Ontario |
Postal Code: | L2G4A9 |
Province/State: | Ontario |
Legal Description: | Lt 1Blk Pl 299 Niagara Falls; Niagara Fa |
Lot Size: | 44.00 x 115.00 (Feet) |
Directions/Cross Streets: | Ferry St/Temperance Ave |
Category: | Accommodation |
Use: | Hotel/Motel/Inn |
Building Percentage: | Y |
Total Area: | 5100.00 |
Total Area Code: | Sq Ft |
Office/Appartment Area: | 5100 |
Office/Appartment Area Code: | Sq Ft |
Heat Type: | Gas Forced Air Open |
Central Air Conditioning: | Y |
Water: | Municipal |
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
IPRO REALTY LTD., BROKERAGE |
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Type: | Com - Investment |
Area: | Niagara |
Municipality: | Niagara Falls |
Lot Size: | 44.00 x 115.00(Feet) |
Tax: | $3,000 |