5856-5860 FERRY Street, Niagara Falls, ON
Property Highlights
Welcome to this remarkable commercial retail located in the coveted neighborhood of 216 - Dorchester. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $1,348,888 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 39.01 x 75 ft lot size
- equipped with yes central cooling and highly efficient water radiators heating via gas
Description
Exceptional Mixed-Use Investment Opportunity Located At 5856-5860 Ferry Street In The Heart Of Niagara FallsJust Minutes From Clifton Hill And The City's Major Tourist Attractions. This Versatile Property Features Two Commercial Retail Units On The Main Floor And Two Residential Apartments Above Creating A Balanced Income Producing Investment Property In A High Exposure Location. One Commercial Unit Operated As A Barber Shop While The Second Unit Is Occupied By A Wig Shop Tenant. The Upper Level Includes A Two Bedroom One Bathroom Apartment And A Separate One Bedroom One Bathroom Apartment Offering Additional Residential Rental Income. Located Along Ferry Street One Of The Primary Routes Leading Toward Niagara Falls' Tourism District The Property Benefits From Consistent Local And Visitor Traffic And Is Surrounded By Hotels Restaurants Entertainment Attractions And Residential Neighbourhoods. General Commercial Zoning Allows A Wide Range Of Retail Service, HospitalityAnd 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 Building At 5848-5850 Ferry Street Creating A Rare Opportunity To Acquire Two Side-By-Side Mixed-Use Investment Properties In One Of Niagara Falls' Most Active Tourism Corridors.
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Pricing & Value Insights
Data-driven valuation for 5856-5860 FERRY Street, Niagara Falls, ON L2G 1S9
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About Purchasing a Home in Niagara Falls, ON
For a property listed at $1,348,888 in Niagara Falls, the legal minimum down payment is $269,778 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $23,453 for this transaction. As this listing is in Niagara Falls (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $23,453.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.