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$ 869,000
Est. payment | /mo
3 Beds
2 Baths
$ 869,000
Est. payment | /mo
3 Beds
2 Baths
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 221 - Marineland
MLS Listing ID X13134958
Style 1 1/2 Storey
Bedrooms 3
Annual Tax Amount $2,920
Tax Year 2025
Property Sub-Type Detached
Property Description
Exceptional Industrial-Zoned Income Property Offering Multiple Self-Contained Living Spaces, Redevelopment Potential, And Outstanding Flexibility On A Private 50 x 235 Ft Lot With No Rear Neighbours. Located Within One Of Niagara Falls' Fastest Evolving Growth Corridors, Minutes To The QEW, Niagara Falls Amenities, And The Niagara Falls GO Station With Daily Toronto Service.Positioned Near The New South Niagara Hospital Currently Under Development At Montrose And Biggar Roads, This Area Is Expected To Benefit From Significant Long-Term Employment And Infrastructure Growth Associated With The $3.6 Billion Hospital Project Scheduled To Open In 2028.The Main Residence Features A Bright Living Area With Walkout To A Large Deck, Functional Kitchen, Separate Dining Room, Main Floor Bedroom, And 3-Piece Bath. The Upper-Level Suite Includes A Private Entrance, Kitchenette, Living Room, 1 Bedroom, And 4-Piece Bath. The Finished Basement Offers An Additional Bedroom, Laundry, Storage, And Separate Walk-Out Entrance.The Fully Self-Contained Auxiliary Dwelling Includes 3 Bedrooms Plus Den, Full Bath, Open-Concept Kitchen/Living Area, Private Deck, And Fenced Side Yard.Both Dwellings Are Currently Tenanted And Generating Approximately $5,000/Month Gross Rental Income ($60,000 Annually), Offering Immediate Cash Flow With A Cap Rate Exceeding 5%.Additional Features Include Desirable General Industrial (GI) Zoning, Detached 3-Car Garage Ideal For Contractor Use Or Storage, Multiple Private Entrances, Ample Parking, Protected Wetlands On One Side, And A Quiet Country-Like Setting. Rare Opportunity Offering Income, Flexibility, And Future Upside Potential.
Location
Province ON
County Niagara
Area Niagara
Rooms
Family Room No
Basement Finished, Full
Kitchen 1
Separate Den/Office 1
Interior
Interior Features Accessory Apartment
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 3.0
Pool None
Waterfront Description None
Roof Type Asphalt Shingle
Lot Frontage 50.0
Lot Depth 235.0
Total Parking Spaces 7
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by Sutton Group Quantum Realty Inc., Brokerage
Nearby Locations
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