Hassan Nouman
5749 Summer Street Basement, Niagara Falls, ON L2G 1M5, Niagara Falls, ON
+7 photos
$1,600

5749 Summer Street Basement, Niagara Falls, ON L2G 1M5, Niagara Falls, ON

Niagara Falls, ON L2G 1M5
2 beds 1 bath Multiplex

About this home

Fully Renovated 2-Bedroom basement Unit for Lease - All Inclusive! This bright and spacious 2-bedroom, 1-bathroom unit is move-in ready and offered at $1,600/month all-inclusive, tenants only pay for their own Wi-Fi and cable. Located in a prime Niagara Falls location, just minutes from downtown, Lundy's Lane shopping district, schools, the hospital, and both the bus and GO stations. Quick access to Highway 420 and QEW makes commuting a breeze. Enjoy one included outdoor surface parking space, with additional parking available for a fee. A brand-new coin-operated laundry room (2024) is conveniently located on the basement level. Available immediately. Don't miss this opportunity to live in a renovated home steps from all major amenities!

Property Score

74/ 100
Overall Property Score
great

A blend of both buyer and investor metrics.

Score breakdown
Walkability
55/100good
Score based on neighborhood density, downtown proximity, and walkable amenities.
Transit Access
55/100good
GO Transit, LRT, and bus access from this neighborhood.
Schools
70/100great
Based on local school rankings (Fraser Institute proxy).
Affordability
0% of city avgexcellent
Priced below Niagara Falls's average of $685,000.
Appreciation Trend
+1.4%/yrgood
Niagara Falls has seen +1.4% YoY price change.
Monthly Cash Flow
+$1,581/mogreat
Estimated $1,581/mo at 20% down, 5% rate, 25-yr amortization.
Cap Rate
1191.19%excellent
Net operating income divided by purchase price.
Basement Suite Potential
Not viablepoor
This property type typically can't add a basement suite.
Move-In Ready
Avggreat
Estimate. Use the listing description and photos to assess actual condition.
MLS® # X13032466
Listings displayed are for informational purposes only and are believed to be accurate but are not guaranteed. MLS®, REALTOR®, and the associated logos are owned by The Canadian Real Estate Association (CREA). MLS® data is provided courtesy of the Toronto Regional Real Estate Board (TRREB) and is for personal, non-commercial use only. Cityscape Real Estate Ltd., Brokerage.

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