Commercial Sale in Niagara Falls

CA$2,399,888

5848-5860 ferry, L2G 1S9, Niagara Falls, ON

UNDER OFFER

Commercial Sale for sale in Niagara Falls, 5848-5860 ferry, L2G 1S9

5848-5860 ferry, L2G 1S9, Niagara Falls, ON

CA$2,399,888

7Bath
Type: Commercial Sale

Description

Rare Opportunity To Acquire Two Side-By-Side Mixed-Use Investment Properties In The Heart Of Niagara Falls' Tourism District. 5848-5860 Ferry Street Consists Of Six Income-Producing Units Including Three Commercial Storefronts And Three Residential Apartments Across Two Buildings, Offering Immediate Cash Flow Along With Significant Long-Term Upside Potential.Positioned Along One Of Niagara Falls' Primary Tourist Corridors Just Minutes From Clifton Hill, Niagara Falls, Casinos, Hotels, Restaurants, And Major Attractions, The Property Benefits From Exceptional Exposure, Strong Vehicle And Pedestrian Traffic, And Outstanding Tenant Demand.The Commercial Spaces Offer Flexible Layouts Suitable For A Variety Of Retail, Office, Service, Hospitality, And Tourism Uses, While The Residential Apartments Provide Stable Rental Income And Opportunity For Future Rent Growth. General Commercial (GC) Zoning Also Provides Excellent Redevelopment Potential With Building Heights Permitted Up To Approximately Ten Storeys (Buyer To Verify).With Approximately 6, 500 Square Feet Of Building Area, Multiple Income Streams, Strong Existing Cash Flow, Rear Parking, Value-Add Opportunities, And A Projected Pro Forma Capitalization Rate Of Approximately 7.46%, This Portfolio Represents An Outstanding Opportunity For Investors Seeking Both Stable Returns And Future Appreciation In One Of Ontario's Most Recognized Tourism Markets.Vendor Take-Back Financing May Be Available To Qualified Purchasers, Subject To Seller Approval.

Location

5848-5860 ferry, L2G 1S9, Niagara Falls, ON

Data

Object TypeCommercial Sale
Purchase PriceCA$2,399,888
Living Space0 m²
Plot SizeN/A
Bathrooms7
Construction YearN/A
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeRadiant
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

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Real Estate Agent