5602 Robinson Street
216 - Dorchester, Niagara Falls
$1
The subject property is a 4 unit tourist commercial property ideally located within walking distance to the Casinos, Skylon Tower, The Falls and other major tourist attractions. Previously the property was part of a proposed 77-storey development together with 5592 Robinson St and 6158 Allendale Ave (not part of this listing). Property is being sold "as is". Currant net income estimated to be $26,000 annually. September rent receipt and expense statement available.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $4,769 |
| Lot Size | 40 ft x 150 ft |
| mls© Number | X13640392 |
| Listed By | INTERCITY REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $0
- Property tax
- $397
- Heat allowance
- $150
- Housing costs
- $547 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$17,000
gross annual household income
- Payment at 4%
- $0 / mo
- Cash down
- $0
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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