5848-5860 Ferry Street, Niagara Falls, Ontario L2G 1S9

Listed for:

$2,149,888

0 beds

7 baths

Listed 34 days ago

5848-5860 Ferry Street, Niagara Falls, Ontario L2G 1S9

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About

Cross Streets: Main And Ferry. ** Directions: east on ferry, south side of ferry. Exceptional Six Mixed-Use Building Investment Portfolio In The Heart Of Niagara Falls, Positioned At An Approximately 7% Pro Forma Cap Rate. Spanning 5848-5860 Ferry Street, This Unique Portfolio Features Six Units Including Three Commercial Units And Three Residential Units, Creating A Diversified Mix Of Commercial And Residential Income. The Combined Properties Also Offer Approximately 6 On-Site Parking Spaces With Shared Driveway Access. $$$$ Spent On Capital Improvements, With New Flat Roofs, New Windows, Modern and High Quality Finishes.Existing Tenancies Provide An Income Base While Currently Available Space Offers Investors Additional Lease-Up Potential, With A Stabilized NOI. The Properties Have Benefited From Significant Capital Improvements And Offer Excellent Exposure Along Ferry Street, Just Minutes From Clifton Hill, The Falls, Fallsview Casino, Major Hotels, Restaurants And Niagara Falls' Tourism And Entertainment District. General Commercial (GC) Zoning Allows For A Broad Range Of Permitted Uses, Providing Flexibility For Investors And Business Owners. Buyers Are Encouraged To Conduct Their Own Due Diligence Regarding Zoning, Permitted Uses And Any Future Development Potential. (id:27476)

Property Highlights

MLS® Number

X13720800

Type

Retail

Community Name

216 - Dorchester

Land Size

66 x 81 FT

Parking Space Total

Building

Square Footage

6500 sqft

Bathrooms Total

Amenities

Highway, Public Transit

Fireplace Present

Basement Type

Basement Features

Building Heating Type

Radiant heat, Baseboard heaters, Forced air

Heating Fuel

Natural gas

Building Cooling Type

Fully air conditioned

Utilities

Water

Municipal water

Location

Learn more about this property

Listing provided by:

EXP REALTY

MLS® number:

X13720800

Agent:

Ian Carrillo

Phone:

(866) 530-7737

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