Rare investment opportunity situated directly across from the Chippawa Creek, this 9-unit building boasts incredible waterfront proximity withadded 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, cleaned with updated emergency lighting, a new backflow prevention valve, and front cleanouts installed. A two-year-old roof adds peace of mind. Remaining workincludes 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. (id:4069)
Address
3865 FRONT STREET
List Price
$1,699,000
Property Type
Multi-family
Type of Dwelling
Other
Transaction Type
Sale
Area
Ontario
Sub-Area
Niagara Falls (chippawa)
Bedrooms
10
Bathrooms
9
Floor Area
5000 - 100000 Sq. Ft.
Lot Size
60 x 165 FT Sq. Ft.
MLS® Number
X12613132
Listing Brokerage
REVEL Realty Inc., Brokerage
Basement Area
N/A (Finished)
Postal Code
L2G6G3
Zoning
TC
Site Influences
Golf Nearby, Marina, Schools, Waterfront, View
Amenities
Separate Heating Controls
