5848 FERRY STREET, Niagara Falls (Dorchester), Ontario, L2G1S9
MLS: X12860080 | Retail
$1,188,888
Property Description
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. (id:64974)
Quick Facts
- Property Type: Retail
- Bedrooms: None
- Bathrooms: 3
- Living Area: 2,700 sq ft (250.8 m²)
- Parking: 3.0 spaces
- Frontage: 25 ft (7.6 m)
Costs
- Annual Taxes: $6,600.00
Listing Provided by: EXP REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Forced air, Electric, Natural gas
- Cooling: Fully air conditioned
- Appliances: Washer, Dryer, Microwave, Window Coverings
Exterior & Construction
- Water: Municipal water
Lot & Land
- Frontage: 25 ft (7.6 m)
- Zoning: GC
Community & Neighbourhood
- Neighbourhood: 216 - Dorchester
Listing Information
Listing History
MLS listing activity for 5848 FERRY STREET, Niagara Falls (Dorchester), Ontario, L2G1S9 — dates reflect when changes were recorded in the DDF
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Mortgage & Cost Calculators
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5848 FERRY STREET, Niagara Falls (Dorchester), Ontario, L2G1S9