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$1,138,888
Available - For Sale
Listing ID: X13559732
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.
Price $1,138,888
Taxes: $550
Tax Type: TMI
Occupancy by: Partial
Address: 5848-58 Ferry Street , Niagara Falls, L2G 1S9, Niagara
Postal Code: L2G 1S9
Province/State: Niagara
Legal Description: PT LT 2S/S FERRY ST. E OF MAIN ST PL 653
Directions/Cross Streets: Main And Ferry Street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Retail
Building Percentage: T
Total Area: 2,700
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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EXP REALTY

5848-58 Ferry Street , Niagara Falls, L2G 1S9, Niagara

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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Type: Com - Commercial Retail
Area: Niagara
Municipality: Niagara Falls
Neighbourhood: 216 - Dorchester
Style:
Lot Size: x 80.00(Feet)
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Tax: $550
Maintenance Fee: $0
Beds: 0
Baths: 3
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908