5848-5860 FERRY STREET, Niagara Falls (dorchester), ON L2G1S9
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5848-5860 FERRY STREET, Niagara Falls (dorchester), ON L2G1S9
5848-5860 FERRY STREET, Niagara Falls (dorchester), ON L2G1S9
5848-5860 FERRY STREET, Niagara Falls (dorchester), ON L2G1S9
5848-5860 FERRY STREET, Niagara Falls (dorchester), ON L2G1S9
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Goldy Kang PREC*

Goldy Kang PREC*

+1(604) 440-0112
$ 2,149,888
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5848-5860 FERRY STREET Niagara Falls (dorchester), ON L2G1S9

7 Baths

6,500 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Approx. Sqft 6500

Square Footage 6,500 sqft

Price per Sqft $330

Subdivision 216 - Dorchester

MLS® Listing ID X13720800

Property 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 10 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:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Radiant heat, Baseboard heaters, Forced air,

Cooling Fully air conditioned

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 6

Garage No

Private Pool No

Others

Virtual Tour https://youtu.be/aBwkSYNqPEw?si=UQgDU7A4oLt_YvRi

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Goldy Kang PREC*

Goldy Kang PREC*

Broker License ID: 166131RTS

+1(604) 440-0112

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5848-5860 FERRY STREET