6104 Garner Road

Niagara Falls, ONDetached
$3,700,000
MLS® X13629384
Detached8 beds5 baths8 total
6104 Garner Road, Niagara Falls, ON photo 1
6104 Garner Road, Niagara Falls, ON photo 2
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About This Property

Investor Opportunity - 6104 Garner Road, Niagara FallsRare Shovel-Ready Development Site With Advanced Planning Approvals Already In Place For A Modern 6-Storey Residential Building With 57 Condo Units.Two High-Potential Strategies Available: 1. Market Condo Development - Construct And Sell (Or Hold) 57 Residential Units In A Growing Niagara Falls Corridor. With Key Approvals Progressing, You Can Move Efficiently Into Construction And Capture Strong Market Returns.2. Government-Supported Housing Route - Convert The Project Into Purpose-Built Rental Under Available Federal/Provincial Affordable Housing Programs. Eligible Projects Can Access Funding Covering Up To 95% Of Capital Costs. Build Once, Then Enjoy Reliable, Long-Term Rental Income For Life With Significantly Reduced Equity Outlay.The Heavy Planning Work Is Already Underway. A New Investor Can Step In, Complete The Process, Build, And Begin Generating Returns Quickly - Either Through Unit Sales Or Stable Cash-Flow Rentals.Located In A High-Growth Area Of Niagara Falls With Strong Demand Drivers And Future Secondary-Plan Expansion Nearby. Ideal For Investors Seeking Either Capital Appreciation Or Dependable Lifelong Income.This Is A True Dual-Path Opportunity: Build-To-Sell Or Build-To-Hold With Major Government Support. (id:63604)

Key Facts

Type
Detached
Beds
8
Baths
5
Size
1,500 sqft
Lot
200 x 217.8 FT
Parking
8 total
Property Details 16 details
Bedrooms
8 bedrooms
6 above grade + 2 below grade
Bathrooms
5 bathrooms
Parking
8 parking spaces
Attached Garage · Garage
Living area
1,500 - 2,000 sq. ft.
Property
Single Family · Freehold · Detached
Property subtype
Single Family
Structure type
House
Ownership
Freehold
Attached status
Detached
Storeys
2
Basement
Apartment in basement, Separate entrance
Heating
Forced air, Natural gas
Cooling
Central air conditioning
Fireplace
No
Pool
Inground pool
Lot dimensions
200 x 217.8 FT
Frontage
200 feet
Taxes
$9,181.67
Water source
Municipal water
Sewer
Septic System

Exterior features

SteelBrick FacingBlock
Mortgage & Affordability Estimate monthly costs
Purchase price$3,700,000
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Forestview
City
Niagara Falls
Postal code
L2E 6S4
Nearby
Garner Rd & McLeod Rd