X12860080

Price:
For Sale1,188,888  For Sale
MLS® No:
X12860080
Intersection:
Main And Ferry Street
Community:
216 - Dorchester
Address:
5848 Ferry Street, Niagara Falls, ON, CA, L2G 1S9
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Features

Property Type:
Commercial Retail
Land Size:
25 X 80Feet
Approximate Square Footage:
2700Square Feet
Possession:
60
Annual Property Taxes (estimate):
TMI6,600 / 2025 Tax Year TMI
#Bathrooms:
3
Garage Type:
None
Heat Type:
Gas Forced Air Open
% Building:
100
Outside Storage:
N
Central AC:
Yes
Ensuite Laundry:
N
Zoning:
GC
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.
Listing Contracted With: EXP REALTY (Independently Owned & Operated)
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind.
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