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5756 Ferry St

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

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

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

Lot Size	1.20 AC

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

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Walk Score ®

Very Walkable (87)

What is a Walk Score®, Transit Score® & Bike Score®?

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, 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.®

Learn How It Works Detailed Scores

zoning

Zoning Code	GC (General Commercial Zone)
GC (General Commercial Zone)

(647) 993-5674

Contacts

Joshua Perlstein
Paul Campbell
Lennard Commercial Realty

Listing ID: 31467191
Date on Market: 10/04/2024
Last Updated:
Address: 5756 Ferry St, Niagara Falls, ON L2G 1S7

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