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

Niagara Falls, ON, L2G 1S9 · 216 - Dorchester

3 Baths
Sq Ft
3 Parking
Commercial Retail Type
X13559732 MLS#

About this property

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.

Features & Amenities

  • Garage: None
  • Cooling: Yes
  • Heat Type: Gas Forced Air Open

Property Details

Property Type Commercial
Property Sub-Type Commercial Retail
Bathrooms 3
Garage None
Parking Spaces 3
Heat Type Gas Forced Air Open
Cooling Yes
Annual Tax $550
Tax Year 2025

Building & Construction

Building Area Total
2700

Heating & Cooling

Heat Type
Gas Forced Air Open
Cooling
Yes
Cooling
Yes

Parking & Garage

Garage Type
None
Parking Spaces
3

Lot & Land

Lot Size Area
0.00
Lot Size Units
Feet
Lot Depth
80.00
Lot Width
25.00

Financial & Tax

Tax Annual Amount
$550
Tax Year
2025
Possession Type
Flexible

Utilities & Services

Utilities
Yes

Room Details

Kitchens Total
0

Additional Details

Occupant Type
Partial
County Or Parish
Niagara
Cross Street
Main And Ferry Street
Directions
East On Ferry, On South Side Of Ferry After Main
Showing Requirements
Go Direct, Lockbox, Showing System

Location

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

Listing courtesy of EXP REALTY
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