Behzad Rahdari, P. Eng.
Broker
Re/Max Hallmark Realty Ltd., Brokerage
Independently owned and operated.
9555 Yonge St , Richmond Hill, Ontario L4C 9M5
Cell: 416-301-7556Office: 905-883-4922
$1,260,000
Available - For Sale
Listing ID: X12941620
4648/46 Portage Road West , Niagara Falls, L2E 6A8, Niagara
| 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: | $7808.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 3878.00 |
| Total Area Code: | Square Feet |
| Approximatly Age: | 51-99 |
| Financial Statement: | T |
| Management Expense: | 8574 |
| Water Expense: | $2967 |
| Net Income Before Debt: | $32000 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
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| RE/MAX NIAGARA REALTY LTD, BROKERAGE |
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Behzad Rahdari, P. Eng.
Broker
Dir:
416-301-7556
Bus:
905-883-4922
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Niagara Falls |
| Neighbourhood: | 211 - Cherrywood |
| Approximate Age: | 51-99 |
| Tax: | $7,808 |
| Fireplace: | N |
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