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In-PersonVirtual Tour
$ 1,138,888
Est. payment | /mo
3 Baths
2,700 SqFt
$ 1,138,888
Est. payment | /mo
3 Baths
2,700 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2700
Square Footage 2,700 sqft
Price per Sqft $421
Subdivision 216 - Dorchester
MLS® Listing ID X13559732
Property Description
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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air,
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 3
Garage No
Private Pool No
Others
Virtual Tour https://www.youtube.com/watch?v=aBwkSYNqPEw
Listed by EXP REALTY
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