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Investment signal

$2,499,888

5848-5860 FERRY STREET

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Beds

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Baths

Sqft

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Year

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Type

Retail

Suite

Suite potential

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Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Niagara Falls (Dorchester). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Exceptional Mixed-Use Investment Opportunity In The Heart Of Niagara Falls At 5848-5860 Ferry Street, Featuring Two Adjoining Buildings With A Total Of 6 Income-Generating Units, Including 3 Commercial Storefronts And 3 Residential Apartments. Ideally Situated Right On Ferry Street, In A High-Traffic, High-Visibility Location Just Steps From Major Attractions, Transit, And Established Local Businesses, This Property Offers Strong Exposure And Consistent Foot Traffic. The Commercial Units Provide Flexible Layouts Suitable For A Variety Of Uses Including Retail, Service, Or Grocery, Offering Excellent Long-Term Leasing Potential. The Residential Units Are Spacious And Well-Maintained, Delivering Stable Rental Income With Opportunity For Future Rent Growth. With Minimal Operating Expenses And Strong Income Fundamentals, This Property Presents An Attractive Investment With Immediate Cash Flow. Additional Value-Add Potential Exists Through Optimization Of Underutilized Space And Future Repositioning Opportunities. Located In A Growing And Vibrant Area Of Niagara Falls, This Is A Rare Chance To Acquire A Turnkey Mixed-Use Asset With Both Stability And Upside Potential For Investors Or End-Users Looking To Expand Their Portfolio. (id:65958)

Subtype: Retail
Community: 216 - Dorchester
Living area: 6,500 square feet
Lot dimensions: 66 x 81 FT
Parking: 10 total
On market: Apr 11, 2026
Status changed: Apr 22, 2026
Annual tax: $14,000
Zoning: GC
Photos: 30
MLS#: X12986308
Area: NIAGARA_FALLS_(DORCHESTER)

Features and systems

Appliances

AllWindow Coverings

Heating

Baseboard heatersRadiant heatForced airForced airElectricNatural gas

Cooling

Fully air conditioned

Negative cash flow ~$2,609/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.26%

Cap rate

3.61%

GRM

16.7

Break-even rent

$15,246

Financing

Down payment$499,978

Loan amount$1,999,910

Mortgage$10,133/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,146

Insurance$80

Maintenance$2,083

CapEx reserve$1,042

Vacancy loss$625

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $10,133/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.