6981 Lundy's Lane Niagara Falls, Ontario L2G 1W1

$840,000

FANTASTIC COMMERCIAL-RESIDENTIAL OPPORTUNITY LOCATED ON HIGH IMPACT LOCATION ON LUNDY'S LANE AND DORCHESTER RD AREA IN NIAGARA FALLS CLOSE TO ALL MAJOR AMENITIES OFFERING QUICK HIGHWAY ACCESS. With its prime location, this property is a dream for the savvy investor with potential to tap into the lucrative Airbnb market. The income potential is truly exceptional and subject to schedule increases. Whether you're an savey investor or seeking a dual living space this property is perfect for your future plans. BUILDING INCLUDES: 2 COMMERCIAL UNIT plus 1 X 2 BEDROOM APT and 1 X 1BEDROOM + DEN APT. THE LOWER LEVEL (BASEMENT) HAS AN ADDITIONAL 650 Sq/Ft OF FINISHED AREA WHICH MAKES UP UNIT #3, BUILDING HAS PARKING FOR UP TO 6 CARS. EASY ACCESS TO HWY'S AND 5 MINUITES TO CASINO DISTRECT. THE CURRENT GROSS RATE OF RETURN BASED ON CURRENT INCOME AND ASKING PRICE WORKS OUT TO 5.4%. PROPERTY IS AVAILABLE FOR QUICK CLOSING UNDER CURRENT CONDITIONS. COMMERCIAL UNITS ARE UNDER A LEASE AGREEMENT, RESIDENTIAL UNITS ARE MONTH TO MONTH AGREEMENT. ** ALL SHOW WILL BE CONDUCTED ON SUNDAYS OR MONDAY OF EACH WEEK, AT TENANTS REQUEST, PLEASE 24 HOURS NOTICED REQUIRED FOR ALL SHOWINGS ** (id:38042)

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