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5848 Ferry St 6,500 SF 66% Leased Retail Building Niagara Falls, ON L2G 1S9 $2,500,000 CAD ($384.62 CAD/SF) 6.90% Cap Rate
Investment Highlights
- strong in-place cash flow
- Prime Tourist Corridor – Steps to Clifton Hill
- Multiple Value-Add Opportunities
Executive Summary
RARE Exceptional Mixed-Use Investment Opportunity, STEPS FROM CLIFTON HILL At 5848-5860 Ferry Street, Featuring Two Adjoining Buildings With A Total Of 6 Income-Generating Units, Including 3 Commercial Storefronts And 3 Residential Apartments. Ideally Situated Right On Ferry Street, In A High-Traffic, High-Visibility Location Just Steps From Major Attractions, Transit, And Established Local Businesses, This Property Offers Strong Exposure And Consistent Foot Traffic. The Commercial Units Provide Flexible Layouts Suitable For A Variety Of Uses Including Retail, Service, Or Grocery, Offering Excellent Long-Term Leasing Potential. The Residential Units Are Spacious And Well-Maintained, Delivering Stable Rental Income With Opportunity For Future Rent Growth. With Minimal Operating Expenses And Strong Income Fundamentals, This Property Presents An Attractive Investment With Immediate Cash Flow. Additional Value-Add Potential Exists Through Optimization Of Underutilized Space And Future Repositioning Opportunities. Located In A Growing And Vibrant Area Of Niagara Falls, This Is A Rare Chance To Acquire A Turnkey Mixed-Use Asset With Both Stability And Upside Potential For Investors Or End-Users Looking To Expand Their Portfolio.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$173,443
|
$3.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$173,443
|
$3.32
|
| Net Operating Income |
-
|
-
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $173,443 |
| Annual Per SF | $3.32 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $173,443 |
| Annual Per SF | $3.32 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
6,500 SF
Year Built/Renovated
1989/2021
Price
$2,500,000 CAD
Price Per SF
$384.62 CAD
Cap Rate
6.90%
NOI
$172,500 CAD
Percent Leased
66%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.24
Lot Size
0.12 AC
Zoning
General Commercial - General Commercial Zoning Allows For A Wide Range Of Uses Including Retail, Office, Service-Based Businesses, And More. Ideal For Investors Or End Use
Frontage
64’ on Ferry Street
Amenities
- 24 Hour Access
- Security System
- Signage
- Skylights
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
- Balcony
- Fiber Optic Internet
- Smoke Detector
Moderately walkable
60/100
Exceptionally drivable
100/100
Strong public transit
80/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 34
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
The Barry Team
5848 Ferry St
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