8230 Oakwood Drive, Niagara Falls, ON
Property Highlights
Welcome to this remarkable industrial located in the coveted neighborhood of 221 - Marineland. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $5,300,000 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 261 x 824 ft lot size
- Convenient outside/surface garage included
- equipped with partial central cooling and highly efficient gas forced air closed heating
Description
11,212 SF Prestige Industrial building plus mezzanine & partial basement on 4.985 Acres with QEW exposure. Comprised of 10,372 SF shop space with an 840 SF office, 550V/ 3-Phase electric, radiant tube heating in shop area, natural gas forced-air furnace, pad-mounted A/C unit, 18' clear ceiling height, two 2pc bathrooms, and an updated roof to office in 2015. The main shop offers 3,353 SF with a 16' x 14' ground level electric door, a 14' x 14' ground level manual door, and an 8' x 10' ground level door. An addition completed in 2015 offers 7,019 SF of industrial shop space including two 90' drive-thru bays, and a 3rd bay entrance. The addition features five 14' x 14' drive-in electric doors, a concrete apron in front of all shop doors, plus bollards for building, and a truck wash supplied by roof water. Perfect set up for a trucking company, truck rental establishment, etc. Other permitted uses include manufacturing, compounding, processing, packaging, cold storage plant, warehouse, new & used car sales* & rental agency*, tree nursery* and more. Convenient location in Industrial area with quick access to border crossings, all amenities, and just minutes to the future South Niagara hospital site. *Outside storage only permitted with some uses. Tenanted with approx. 15 months remaining on lease term with 1 x 2-year extension.
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Pricing & Value Insights
Data-driven valuation for 8230 Oakwood Drive, Niagara Falls, ON L2E 6S5
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About Purchasing a Home in Niagara Falls, ON
For a property listed at $5,300,000 in Niagara Falls, the legal minimum down payment is $1,060,000 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 $118,975 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 $118,975.
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