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$1,260,000
Available - For Sale
Listing ID: X12941620
Excellent investment opportunity in a well-located multi-residential property along Portage Rd in Niagara Falls. This income-producing asset features six residential units with stable tenancies and strong rental demand in a convenient and accessible area.The property generates an annual gross income of approximately $86,000, offering solid cash flow with further upside potential.Ideally located near major routes including the QEW and Highway 420, the property provides easy access to amenities, public transit, schools, and shopping. The surrounding area continues to experience steady rental demand, making this an excellent addition to any investment portfolio.With in-place income and potential for future rent growth, this property offers both stability and long-term appreciation in the growing Niagara Falls market.
Price $1,260,000
Taxes: $7,808
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 4648/46 Portage Road West , Niagara Falls, L2E 6A8, Niagara
Postal Code: L2E 6A8
Province/State: Niagara
Legal Description: PT TWP LT 95 STAMFORD AS IN RO530562 ; N
Directions/Cross Streets: Portage Rd & Althea St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Use: Apts - 6 To 12 Units
Building Percentage: T
Total Area: 3,878
Total Area Code:  Square Feet
Approximatly Age: 51-99
Financial Statement: T
 Management Expense: 8574
Maintenance: 0
Water Expense: $2967
Net Income Before Debt: $32000
Expenses Actual/Estimated: $Act
Heat Type: Baseboard
Central Air Conditioning: No
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RE/MAX NIAGARA REALTY LTD, BROKERAGE

4648/46 Portage Road West , Niagara Falls, L2E 6A8, Niagara

Personal Picture
Arash Salehrad
Broker
Dir:
(647)402-5949
Bus:
(905)508-9500
Fax:
(905)773-3861

 
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At a Glance:
Type: Com - Investment
Area: Niagara
Municipality: Niagara Falls
Neighbourhood: 211 - Cherrywood
Style:
Lot Size: x 165.87(Feet)
Approximate Age: 51-99
Tax: $7,808
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Personal Pic Arash Salehrad Broker pic arashsalehrad@gmail.com RE/MAX REALTRON REALTY INC., Brokerage Independently owned and operated. pic 13321 Yonge St., Unit 203, Richmond Hill, Ontario L4E 3L3 pic Office: (905)508-9500 | Fax: (905)773-3861 | Cell: (647)402-5949