4218 Portage Rd - Apartments FOR SALE


Niagara Falls, ON L2E 6A4- Queensway Garden/Stamford Centre
$3,160,000 CAD
416-791-7203

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$3,160,000 CAD
Apartments - FOR SALE
null | Request Cap Rate

4218 Portage Rd
Niagara Falls, ON L2E 6A4
Queensway Garden/Stamford Centre


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,160,000 CAD

PRICE/SF

$70 CAD /SF

# OF UNITS

19

PRICE/UNIT

$166,316

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1974

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,225 SF

ZONING

R5B

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Dayma ItamunoalaColliersMore Info
416-791-7203

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Dayma ItamunoalaColliersMore Info
416-791-7203

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.