5756 Ferry Street

Zoned Residential Development Opportunity

43.089028, -79.0901143

Main Intersection
Main Street & Ferry Street
Location
Niagara Region, Niagara Falls
Address

5756 Ferry Street
Niagara Falls ON L2G 1S7
Canada

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Land Information

Total Size
1.2 acres
Zoning
GC - General Commercial Zone
PIN #
643490062
Property Highlights
  • 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.

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Additional Information

Total Taxes
$14,150 (2022)

Details

Environmental: Clean Phase 1 & 2 ESA + RSC