$2,399,888

About this property

Rare Opportunity To Acquire Two Side-By-Side Mixed-Use Investment Properties In The Heart Of Niagara Falls' Tourism District. 5848-5860 Ferry Street Consists Of Six Income-Producing Units Including Three Commercial Storefronts And Three Residential Apartments Across Two Buildings, Offering Immediate Cash Flow Along With Significant Long-Term Upside Potential.Positioned Along One Of Niagara Falls' Primary Tourist Corridors Just Minutes From Clifton Hill, Niagara Falls, Casinos, Hotels, Restaurants, And Major Attractions, The Property Benefits From Exceptional Exposure, Strong Vehicle And Pedestrian Traffic, And Outstanding Tenant Demand.The Commercial Spaces Offer Flexible Layouts Suitable For A Variety Of Retail, Office, Service, Hospitality, And Tourism Uses, While The Residential Apartments Provide Stable Rental Income And Opportunity For Future Rent Growth. General Commercial (GC) Zoning Also Provides Excellent Redevelopment Potential With Building Heights Permitted Up To Approximately Ten Storeys (Buyer To Verify).With Approximately 6,500 Square Feet Of Building Area, Multiple Income Streams, Strong Existing Cash Flow, Rear Parking, Value-Add Opportunities, And A Projected Pro Forma Capitalization Rate Of Approximately 7.46%, This Portfolio Represents An Outstanding Opportunity For Investors Seeking Both Stable Returns And Future Appreciation In One Of Ontario's Most Recognized Tourism Markets.Vendor Take-Back Financing May Be Available To Qualified Purchasers, Subject To Seller Approval. (id:66946)

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