Prime Mixed-Use Investment Opportunity Located In The Heart Of Niagara Falls Just Minutes From The World-Famous Clifton Hill Tourist District. 5848-5850 Ferry Street Features A Renovated Two-Storey BuildingWith A Commercial Unit On The Main Floor Occupied By A Massage Therapy Business With A New Lease In Place,Providing Immediate Income, And A Fully Renovated Two Bedroom Two Bathroom Apartment Above With Modern Finishes And A Bright Functional Layout Ideal For Long-Term Tenants Or Potential Short-Term Rental Opportunities Subject To Municipal Regulations. Extensive Improvements Have Been Completed Throughout The Building Including New Framing, Spray Foam Insulation Throughout Walls And Ceilings, Fire-Rated Construction Built To Code, New Windows, A New Subfloor System, And A Rebuilt Flat Roof With Balcony. Electrical Has Been Upgraded With 400-Amp Service Split Between The Commercial And Residential Spaces. Commercial Zoning Allows A Wide Range Of Retail, Service, And Tourism Related Uses And Also Offers Long-Term Redevelopment Potential With Building Heights Permitted Up To Approximately Ten Storeys Subject To Municipal Approvals. Property May Also Be Purchased Together With The Adjacent Mixed-Use Building At 5856-5860 Ferry Street Creating A Rare Portfolio Opportunity In One Of Niagara Falls' Most Active Tourism Corridors.
Address
5848 Ferry Street
List Price
$1,188,888
MLS® Status
New
Expiration Date
2026-07-09
Property Type
Commercial
Type of Dwelling
Commercial Retail
Transaction Type
Sale
Area
Niagara Falls
Sub-Area
216 - Dorchester
Region
Niagara
Bathrooms
3
Lot Depth
80
Lot Type
Building
Lot Size Units
Feet
Lot Width
25
Parcel Number
643490007
Total Building Area
2700
Occupant Type
Tenant
Cross Street
Main And Ferry Street
MLS® Number
X12860080
Listing Brokerage
EXP REALTY
Postal Code
L2G 1S9
Posession Details
Flexible
Parking Spaces
3
Tax Amount
$6,600.00
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Gas Forced Air Open
Cooling
Yes
Cooling Features
Yes
Garage Type
None
Tax Legal Description
PT LT 2S/S FERRY ST. E OF MAIN ST PL 653 ABSTRACTED AS BLK 16 - VILLAGE OF NIAGARA FALLS AS IN RO729671, S/T & T/W RO729671; S/T INTEREST IRO643990, IF ANY; NIAGARA FALLS
Security Features
No
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