CAONNiagara Falls5848 - 5850 Ferry Street

5848-5850 Ferry Street, Niagara Falls, ON

House

For Sale

Listed price in listed location currency (CAD).

$1,138,888

033

MLS® X13559732

Overview

Key Facts

Type Retail

Levels Commercial Sale

Size -

Garage None

Taxes $550

Days Active 12

Lot Size 0

Approx. Age

MLS® Number X13559732

Property Address: 5848 - 5850 Ferry Street, Niagara Falls, ON, L2G1S9

Average square foot calculated using Size range provided by listing agent.

Description

Prime Mixed-Use Investment Opportunity In The Heart Of Niagara Falls' Thriving Tourism District, Just Minutes From World-Famous Clifton Hill, The Falls, Major Hotels, Restaurants, Casinos, And Entertainment. This Fully Renovated Two-Storey Building Features A Strong Income-Producing Commercial Unit On The Main Floor With A Long-Term Tenant In Place, Alongside A Beautifully Renovated Two Bedroom, Two Bathroom Residential Apartment Above Offering Additional Rental Income And Excellent Flexibility For Investors.Extensively Renovated From Top To Bottom, The Property Has Undergone Significant Capital Improvements Including New Framing, Spray Foam Insulation Throughout Walls And Ceilings, Fire-Rated Construction Built To Code, New Windows, New Subfloor System, Rebuilt Flat Roof With Balcony, And Upgraded 400-Amp Electrical Service Split Between The Residential And Commercial Components.Situated On General Commercial (GC) Zoning, The Property Permits A Wide Range Of Retail, Service, Hospitality, And Tourism-Related Uses While Also Offering Long-Term Redevelopment Potential With Permitted Building Heights Of Approximately Ten Storeys (Buyer To Verify). This Is An Excellent Opportunity For Investors Seeking Stable Cash Flow Today With Significant Future Upside.May Also Be Purchased Together With The Adjacent Mixed-Use Property At 5856-5860 Ferry Street, Creating A Rare Multi-Building Investment Portfolio In One Of Niagara Falls' Most Active Commercial Corridors.

MLS® NumberX13559732

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageNone

Approx. Age

Basement

DrivewayGarage Type:None

Garage Spaces

HeatGas Forced Air Open

A/CYes

Extras

Map

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