Address
5284 FERRY Street Niagara Falls, ON
Price
$ 4,990,000
Property Attributes
  • ID#40125833
  • TypeMulti-Family
  • CityNiagara Falls
  • AreaNiagara
  • NeighbourhoodDrummond - Victoria
  • Postal CodeL2G 1R5
  • Style
  • Price$ 4,990,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Lixia Lin with Elong Realty Brokerage, Inc.
Data Source:
RLP - CREA EN
Property Description

Premium location in Niagara Falls tourist area. Corner lot on Ferry Street and Clark Ave with high exposure to tourists. 37 Motel rooms, 2 commercial units, and 1 apartment. Fully renovated in 2019 with new washrooms, flooring and furnishing. City approved to add commercial units on Ferry St and convert the existing 12 motel rooms to retail space. The lease price of commercial retail is $65 per sq ft in the area. Also a great opportunity of redeveloping the site to make high-rise commercial and residential mix. Possible to assemble the adjacent lots and develop on 2 acres. This location is rare to find in Niagara Falls.

General Features

Acres 0.50-1.99

Exterior Features

Lot Frontage 95.00
Jumpid 15240945
Mls 40125833

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in L2G 1R5

Price
AVG $4.99M
$4.99M
Visits
AVG 28
29
Walkscore
AVG 58
58
Data Provided by Walkscore ® not using MLS data

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