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5756 Ferry St

1.2 Acres of Commercial Land in Niagara Falls, ON L2G 1S7

Investment Highlights

  • Environmental: Clean Phase 1 & 2 ESA + RSC
  • Site plan is ready to submit, allowing a purchaser to start sales immediately.
  • Located in a prime location of Niagara falls, surrounded by new development.

Executive Summary

Located in a prime location of Niagara falls, surrounded by new development. Close to neighborhood amenities, including parks, shopping, restaurants and medical services. Major capex completed in the last 5 years allowing for predictable ownership expenses. Potential to develop the property in the future with a 9 storey condominium building. ZBA approval for nine storeys and approximately 118,000 SF of GFA. A 50% reduction in regional development charges and 75% reduction in city development charges has been secured. Approximately $230,000 per year of interim holding income. Site plan is ready to submit, allowing a purchaser to start sales immediately. Vendor take back mortgage structure possible.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Multifamily
Total Lot Size 1.20 AC

1 Lot Available

Lot

Lot Size 1.20 AC

1.2 acres of developable land located in a prime location of Niagara falls, surrounded by other new developments.

Walk Score ®
Very Walkable (87)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code GC (General Commercial Zone)
GC (General Commercial Zone)
  • Listing ID: 31467191

  • Date on Market: 2024-04-10

  • Last Updated:

  • Address: 5756 Ferry St, Niagara Falls, ON L2G 1S7

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