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4218 Portage Rd
19 Unit Apartment Building $2,249,623 USD ($118,401 USD/Unit) Niagara Falls, ON L2E 6A4
Executive Summary
4218 Portage Road is a premier multifamily investment property located in the thriving city of Niagara Falls, Ontario. This property offers a unique combination of immediate income generation, favorable financing, and significant upside potential, making it an attractive opportunity for savvy investors.
The projected Year 1 NOI of $145,106 underscores the property’s strong income-producing capabilities. Coupled with the attractive CMHC financing at a low interest rate of 2.21%, investors can benefit from reduced financing costs and enhanced cash flow.
With an impressive average upside potential of 48%, this property is well-positioned for future appreciation. The condominiumized units provide additional flexibility, allowing the purchaser to sell each unit individually if desired, which can further optimize returns and offer diverse exit strategies.
The inclusion of a common area laundry room generating additional income exemplifies the thoughtful design and operational efficiency of the property. This feature not only adds to the revenue but also enhances the overall value proposition of the investment.
Overall, 4218 Portage Road represents a compelling investment opportunity with strong income potential, attractive financing terms, and significant growth prospects. Its prime location in Niagara Falls, coupled with the flexibility of condominiumized units, makes it an excellent choice for investors seeking both immediate returns and long-term value.
The projected Year 1 NOI of $145,106 underscores the property’s strong income-producing capabilities. Coupled with the attractive CMHC financing at a low interest rate of 2.21%, investors can benefit from reduced financing costs and enhanced cash flow.
With an impressive average upside potential of 48%, this property is well-positioned for future appreciation. The condominiumized units provide additional flexibility, allowing the purchaser to sell each unit individually if desired, which can further optimize returns and offer diverse exit strategies.
The inclusion of a common area laundry room generating additional income exemplifies the thoughtful design and operational efficiency of the property. This feature not only adds to the revenue but also enhances the overall value proposition of the investment.
Overall, 4218 Portage Road represents a compelling investment opportunity with strong income potential, attractive financing terms, and significant growth prospects. Its prime location in Niagara Falls, coupled with the flexibility of condominiumized units, makes it an excellent choice for investors seeking both immediate returns and long-term value.
Property Facts
Price | $2,249,623 USD | Building Class | C |
Price Per Unit | $118,401 USD | Lot Size | 0.81 AC |
Sale Type | Investment | Building Size | 45,000 SF |
No. Units | 19 | No. Stories | 3 |
Property Type | Multifamily | Year Built | 1974 |
Property Subtype | Apartment | Parking Ratio | 0.58/1,000 SF |
Apartment Style | Low Rise |
Price | $2,249,623 USD |
Price Per Unit | $118,401 USD |
Sale Type | Investment |
No. Units | 19 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.81 AC |
Building Size | 45,000 SF |
No. Stories | 3 |
Year Built | 1974 |
Parking Ratio | 0.58/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 18 | - | - |
Studios | 1 | - | - |
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Walk Score ®
Very Walkable (82)
Bike Score ®
Very Bikeable (74)
zoning
Zoning Code | R5B |
R5B |
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4218 Portage Rd
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