This retail property in Niagara Falls is for sale offering roughly 10,000 sq ft of space. It has been on the market 49 days, fresher than the Niagara Falls average of 88 days.

Description

Located Right on Victoria Avenue Where you Can Easily Connect To The Main Attractions Of Niagara Falls is This Commercial-Residential Property, Consisting of 12 Residential Units of Which, 7 Units 2 BR., 3 Units 1 BR., 2 Studios and 2 Commercial. All Units are Presently Rented.The NOI Gives you a Satisfactory Return Cap Rate, With a Future Potential Rent Increase.The Buyer and Buyer Agent Agrees to Verify and Perform their Own " DUE DILIGENCE" (id:66096)

Property Details

MLS®: X13792932
Property Type: Retail
Zoning: COMMERCIAL-RESIDENTIAL
Interior Size: 10,000 ft²
Lot Size: 86 × 113 ft (9,751 sq ft)
Frontage: 86 ft
Heating: Forced air, Natural gas
Cooling: Partially air conditioned
Property Tax: $19,753.98/yr
Listed: 49 days ago

Market Timing

Days on market

49d

Niagara Falls (Downtown) listings, avg age

88d

Price / ft²

$230

List price

$2.30M

Haho

This retail in Niagara Falls (Downtown) has been listed for 49 days, which is 39 days fresher than the city average of 88. Act while there is still low competition.

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Area context

Neighbourhood profile (L2E)

This home lists at $2,300,000, about 37.8× the local median household income of $60,800.

Carrying it typically needs a household income of about $449,271 (20% down, 25-yr amortization, stress-tested) — roughly 639% above the area median.

Median household income: $60,800
Population: 18,587
Median age: 46.4
Owner / renter: 61% / 39%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA L2E)

$2,300,000· $230/ft²

For sale

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Financing

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4898 VICTORIA Avenue, Niagara Falls (Downtown) - Retail for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L2E)

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