$1,788,000
Available - For Sale
Listing ID: X12397134
3865 FRONT Stre , Niagara Falls, L2G 8G3, Niagara
| Rare investment opportunity situated directly across from the Chippawa Creek, this 9-unit building boasts incredible waterfront proximity with added potential to lease the land across the street for a dock or other value-enhancing features. With Tourist Commercial (TC) zoning, the property supports a wide range of uses including long-term rentals, short-term Airbnb stays, or a hybrid model, making it ideal for savvy investors.The building includes seven 1-bedroom units with scenic water views, two 2-bedroom units at the rear, all sharing a common laundry and storage area. Seven units and common areas have already been demo'd and cleaned, with updated emergency lighting, a new backflow prevention valve, and front cleanouts installed. A two-year-old roof adds peace of mind. Remaining work includes general interior finishes and final touches, with the building nearing the final stages of revitalization. Whether you're looking to reposition the property as a premium rental offering or capitalize on the area's strong short-term rental demand, this location offers exceptional flexibility, waterfront charm, and long-term upside. |
| Price | $1,788,000 |
| Taxes: | $20966.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 3865 FRONT Stre , Niagara Falls, L2G 8G3, Niagara |
| Postal Code: | L2G 8G3 |
| Province/State: | Niagara |
| Legal Description: | PTL 9, PLAN 251 |
| Directions/Cross Streets: | CHIPPAWA BRIDGE, FACING WELLAND RIVER, NEXT TO TIM HORTONS- MARINELAND PARKWAY TO FRONT OF TIM HORTO |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 7664.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit |
| Washrooms: | 0 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | Partial |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| REVEL Realty Inc., Brokerage |
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|
Reza Peyvandi
Broker, ABR, SRS, RENE
Dir:
416-230-0202
Bus:
905-695-7888
Fax:
905-695-0900
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Niagara Falls |
| Neighbourhood: | 223 - Chippawa |
| Tax: | $20,966 |
| Fireplace: | N |
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