5848 - 5850 Ferry Street Niagara Falls, Ontario L2G 1S9

3 Bathroom 2,700 ft2
Fully Air Conditioned Forced Air

$1,188,888

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. (id:49203)

Property Details

MLS® Number X12860080
Property Type Retail
Community Name 216 - Dorchester
Parking Space Total 2

Building

Bathroom Total 3
Appliances Dryer, Microwave, Washer, Window Coverings
Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Forced Air
Size Exterior 2700 Sqft
Size Interior 2,700 Ft2
Utility Water Municipal Water

Land

Acreage No
Size Depth 80 Ft
Size Frontage 25 Ft
Size Irregular Bldg=25 X 80 Ft
Size Total Text Bldg=25 X 80 Ft
Zoning Description Gc/tc

https://www.realtor.ca/real-estate/29444324/5848-5850-ferry-street-niagara-falls-dorchester-216-dorchester

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Ian Carrillo
Salesperson

(866) 530-7737
www.facebook.com/iain.realestate/

Exp Realty
4711 Yonge St 10th Flr, 106430
Toronto, Ontario M2N 6K8

(866) 530-7737

Emily Barry
Salesperson

(905) 357-8067
www.facebook.com/thebarryteam
www.linkedin.com/in/emily-barry-the-barry-team
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Exp Realty
4025 Dorchester Rd Unit: 260a
Niagara Falls, Ontario L2E 7K8

(866) 530-7737

Dekker Team
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