Commercial Sale in Niagara Falls

CA$1,138,888

5848-5850 Ferry, L2G 1S9, Niagara Falls, ON

UNDER OFFER

Commercial Sale for sale in Niagara Falls, 5848-5850 Ferry, L2G 1S9

5848-5850 Ferry, L2G 1S9, Niagara Falls, ON

CA$1,138,888

3Bath
Type: Commercial Sale

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

5848-5850 Ferry, L2G 1S9, Niagara Falls, ON

Data

Object TypeCommercial Sale
Purchase PriceCA$1,138,888
Living Space0 m²
Plot SizeN/A
Bathrooms3
Construction YearN/A
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeGas Forced Air Open
Primary Energy SourceN/A
Construction YearN/A
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent

R

Real Estate Agent