5848-5860 FERRY STREET
Niagara Falls (Dorchester), Ontario
MLS® X13720800
$2,149,888
- Status
- Active
- Property type
- Retail
- MLS® number
- X13720800
- Bedrooms
- —
- Bathrooms
- 7
- Year built
- —
Listing description
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.
Property summary
- MLS® number
- X13720800
- Property type
- Retail
- Size
- 6,500 sq ft
- Land size
- 66 x 81 FT
- Annual property taxes
- $14,401.00
- Parking
- 6 spaces
- Days on market
- 31 days
Features & details
- Heating
- Baseboard heaters, Radiant heat, Forced air, Natural gas
- Cooling
- Fully air conditioned
- Appliances
- All, Window Coverings
What would this home cost you?
Based on the $2,149,888 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of EXP REALTY, TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.