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$ 1,188,888
Est. payment /mo
Active
5848 Ferry ST Niagara Falls, ON L2G 1S9
3 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision 216 - Dorchester
MLS Listing ID X12860080
Annual Tax Amount $6,600
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Prime Mixed-Use Investment Opportunity Located In The Heart Of Niagara Falls Just Minutes From The World-Famous Clifton Hill Tourist District. 5848-5850 Ferry Street Features A Renovated Two-Storey BuildingWith A Commercial Unit On The Main Floor Occupied By A Massage Therapy Business With A New Lease In Place,Providing Immediate Income, And A Fully Renovated Two Bedroom Two Bathroom Apartment Above With Modern Finishes And A Bright Functional Layout Ideal For Long-Term Tenants Or Potential Short-Term Rental Opportunities Subject To Municipal Regulations. Extensive Improvements Have Been Completed Throughout The Building Including New Framing, Spray Foam Insulation Throughout Walls And Ceilings, Fire-Rated Construction Built To Code, New Windows, A New Subfloor System, And A Rebuilt Flat Roof With Balcony. Electrical Has Been Upgraded With 400-Amp Service Split Between The Commercial And Residential Spaces. Commercial Zoning Allows A Wide Range Of Retail, Service, And Tourism Related Uses And Also Offers Long-Term Redevelopment Potential With Building Heights Permitted Up To Approximately Ten Storeys Subject To Municipal Approvals. Property May Also Be Purchased Together With The Adjacent Mixed-Use Building At 5856-5860 Ferry Street Creating A Rare Portfolio Opportunity In One Of Niagara Falls' Most Active Tourism Corridors.
Location
State ON
County Niagara
Area Niagara
Zoning GC
Rooms
Kitchen 0
Interior
Cooling Yes
Inclusions Washer, Dryer, Refrigerator, Microwave, Stove, Apartments Elfs, Apartment Window Coverings
Exterior
Parking Features None
Utilities Available Yes
Building
Lot Description Building
Others
Virtual Tour https://www.youtube.com/watch?v=aBwkSYNqPEw
Lited by EXP REALTY