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8 unit apartment building for sale in one of Niagara's most desirable locations. Enjoy this high end area, surrounded by multimillion dollar homes and views of the world famous Henley Regatta. 5 x 2 beds. 2 bachelors, 1 commercial. 5 minute walk to bustling and growing Port Dalhousie beach. Potential to double some 2 bedroom rents. 2 units vacant. Listed approximately at 4 cap on Current income and 5.5-6 cap on turnover rents. Condos similar in size selling for 800K plus in this area. Building is 50% renovated and has potential on turnover or build up to 14 meters for full lake views. Needs roof soon, Instant hot water tank 5 months old owned. Eavestroughs 1 year. no VTB available. Bursting with potential!! (id:24093)
Listed by DAVID BELANGER of KELLER WILLIAMS COMPLETE NIAGARA REALTY

Property Details of 51 Main Street

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"Based on information submitted to CREA as of June 26, 2022 . All data is obtained from various sources and has not been, and will not be, verified by broker or CREA.  All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing."

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