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5831 Ferry St 8,762 SF 30% Leased 4-Star Retail Building Niagara Falls, ON L2G 1S8 $1,780,000 CAD ($203.15 CAD/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Very Close to Famous Tourist Spot Niagara Falls
- Wooden Frame but Foundation is concrete
- Very good light all the time
- yes
EXECUTIVE SUMMARY
Excellent Commercial Investment Opportunity Near Niagara Falls!Versatile commercial building featuring a large, fully operational restaurant on
the main floor and 10 rental rooms across the first and second floors. Currently generating $7,500/month in rental income with strong potential
for increased revenue. Ideal for investors seeking immediate cash flow. Property is zoned General Commercial, allowing for multiple future uses
- easily convert to a hotel, motel, or multi-residential units (subject to approvals). High-traffic location just minutes from world-renowned Niagara
Falls, major highways, and tourist attractions. A rare find in a high-demand area! Key Investment Advantages: Year-Round Tourist Attraction:
High foot traffic due to proximity to Niagara Falls and entertainment areas. Development Potential: Opportunities for building hotels, mixed-use
plazas, retirement homes, and more. Capital Appreciation: Increasing demand with the expansion of shopping, dining, and entertainment
developments nearby. Future Growth: This area is witnessing rapid growth, making it a hotspot for investors and developers.
the main floor and 10 rental rooms across the first and second floors. Currently generating $7,500/month in rental income with strong potential
for increased revenue. Ideal for investors seeking immediate cash flow. Property is zoned General Commercial, allowing for multiple future uses
- easily convert to a hotel, motel, or multi-residential units (subject to approvals). High-traffic location just minutes from world-renowned Niagara
Falls, major highways, and tourist attractions. A rare find in a high-demand area! Key Investment Advantages: Year-Round Tourist Attraction:
High foot traffic due to proximity to Niagara Falls and entertainment areas. Development Potential: Opportunities for building hotels, mixed-use
plazas, retirement homes, and more. Capital Appreciation: Increasing demand with the expansion of shopping, dining, and entertainment
developments nearby. Future Growth: This area is witnessing rapid growth, making it a hotspot for investors and developers.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Furniture, Fixtures and Equipment Included
Property Type
Retail
Property Subtype
Building Size
8,762 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
1980
Price
$1,780,000 CAD
Price Per SF
$203.15 CAD
Cap Rate
7%
NOI
$124,600 CAD
Percent Leased
30%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.71
Lot Size
0.28 AC
Zoning
CG - Commercial zoning
Parking
35 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
59’ on Ferry
AMENITIES
- Food Court
- Balcony
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
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5831 Ferry St
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