5848-5850 Ferry Street Niagara Falls (Dorchester), Ontario L2G 1S9

$1,138,888

A Rare Opportunity To Own A Fully Renovated Mixed-Use Property In The Heart Of Niagara Falls' High-Traffic Tourism Corridor, Just Minutes From Clifton Hill, The Falls, Fallsview Casino, Major Hotels, Restaurants And Entertainment. Extensively Renovated And Positioned For Both Immediate Income And Future Growth, This Two-Storey Property Features An Established Main-Floor Commercial Tenant Along With A Vacant, Beautifully Finished Two-Bedroom, Two-Bathroom Residential Apartment Above, Giving The Next Owner The Opportunity To Lease At Current Market Rent Or Occupy. Major Capital Improvements Include New Framing, Spray Foam Insulation Throughout Walls And Ceilings, Fire-Rated Construction, New Windows, New Subfloor System, Rebuilt Flat Roof With Balcony, And Upgraded 400-Amp Electrical Service Split Between The Commercial And Residential Components. 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. The Property Also Features A Rear Parking Area With Approximately Three Parking Spaces And Shared Driveway Access. Located In One Of Niagara Falls' Most Active Commercial Corridors, This Is An Excellent Opportunity To Acquire A Renovated Mixed-Use Asset With Existing Commercial Income And Residential Lease-Up Potential. May Also Be Purchased Together With Adjacent 5856-5860 Ferry Street, Creating A Rare Three-Building, Six-Unit Mixed-Use Investment Portfolio With Preferred Package Pricing Available For The Combined Acquisition. (id:45725)

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https://www.realtor.ca/real-estate/30207361/5848-5850-ferry-street-niagara-falls-dorchester-216-dorchester