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.