$1,188,888
Available - For Sale
Listing ID: X12860080
5848 - Ferry Street , Niagara Falls, L2G 1S9, Niagara
| Prime Mixed-Use Investment Opportunity Located In The Heart Of Niagara Falls Just Minutes From TheWorld-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 ModernFinishes And A Bright Functional Layout Ideal For Long-Term Tenants Or Potential Short-Term RentalOpportunities Subject To Municipal Regulations. Extensive Improvements Have Been Completed Throughout TheBuilding Including New Framing, Spray Foam Insulation Throughout Walls And Ceilings, Fire-Rated ConstructionBuilt To Code, New Windows, A New Subfloor System, And A Rebuilt Flat Roof With Balcony. Electrical Has BeenUpgraded With 400-Amp Service Split Between The Commercial And Residential Spaces. Tourist Commercial ZoningAllows A Wide Range Of Retail, Service, And Tourism Related Uses And Also Offers Long-Term RedevelopmentPotential 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 StreetCreating A Rare Portfolio Opportunity In One Of Niagara Falls' Most Active Tourism Corridors. |
| Price | $1,188,888 |
| Taxes: | $6600.00 |
| Tax Type: | TMI |
| Occupancy: | Tenant |
| Address: | 5848 - 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 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Building Percentage: | T |
| Total Area: | 2700.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Sprinklers: | No |
| Washrooms: | 3 |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Niagara |
| Municipality: | Niagara Falls |
| Neighbourhood: | 216 - Dorchester |
| Tax: | $6,600 |
| Baths: | 3 |
| Fireplace: | N |
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