4218 Portage Rd 19 Unit Apartment Building $2,279,219 USD ($119,959 USD/Unit) Niagara Falls, ON L2E 6A4

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.