BUILDING 1: 2 RESIDENTIAL RENTALS AND 1 COMMERCIAL More Photos

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    For Sale - 6235 Drummond Road, Niagara Falls, Ontario

    Est payment $7,198/mo
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    Exceptional mixed-use investment opportunity in one of niagara falls' most convenient and sought-after commercial corridors! Ideally situated in a high-visibility, central location just minutes from the lundy's lane tourist district and the fallsview casino district, this well-maintained property offers outstanding long-term income potential in a thriving area. The property consists of two buildings with ample on-site parking, offering a total of nine rental units, including three commercial units and six residential apartments. Generating approximately $157,000 in annual gross rental income and offering a cap rate of approximately 7. 5%, this is an excellent opportunity for investors seeking strong, reliable returns. One of the property's greatest assets is its exceptional tenant profile. Two of the commercial tenants have successfully operated their businesses here for over five years, while all six residential units are occupied by long-term tenants who take pride in their homes, maintain their units exceptionally well, and have an excellent history of on-time rent payments. Rents are largely in line with today's market, providing immediate, dependable cash flow while offering continued upside. With a stable tenant base and well-maintained buildings, this is truly a minimal-management investment. Ownership has completed numerous capital improvements, including a new electrical panel in building #2, new owned hot water tanks in building #1, and a new sewage system servicing building #2, giving future owners added confidence and reducing the likelihood of major capital expenses. Whether you're expanding an existing portfolio or acquiring your first mixed-use asset, opportunities like this are becoming increasingly rare. A turnkey investment offering strong financial performance, quality tenants, and an unbeatable niagara falls location. Please click the links attached to for a full property virtual tour/photos. 1 of the agents will meet you there so it's easy to show.
    Listing IDX13612460
    Address6235 Drummond Road
    CityNiagara Falls, Ontario
    Price$1,499,000
    Bath9 Full
    StyleStore W Apt/Office
    Land Size11786
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeCommunity Features Major Highway, Public TransitBasement 1Heating / Cooling Gas Forced Air Open

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    Listing Agency:  RE/MAX NIAGARA REALTY LTD, BROKERAGE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    6235 Drummond Road
    Niagara Falls , Ontario
    9 $1,499,000
    Get more info