Niagara Falls
8-Bedroom Estate in Niagara Falls
8 bed · 5 bath · 1,500+ sq ft · lot 200 x 217.8 FT
$3,700,000
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:66639)
Property information
- Asking price
- $3,700,000
- Bedrooms
- 8
- Bathrooms
- 5
- Above grade
- 1,500+ sq ft
- Approx. asking $/sq ft
- $2,467 or less
- Lot
- 200 x 217.8 FT
- Acreage
- 1 acres
- Parking
- 8 spaces
- Property tax
- $9,182 / yr
- Pool
- Inground pool
- Basement
- Apartment in basement, Separate entrance
- MLS®
- X13629384
6104 Garner Road, Niagara Falls · MLS® X13629384 · Courtesy of ROYAL LEPAGE SIGNATURE REALTY