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$ 1,138,888
Est. payment /mo
New
5848-5850 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 X13559732
Annual Tax Amount $550
Tax Year 2025
Property Sub-Type Commercial Retail
Property 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.
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