$1,199,000 - 8006 Norton Street, Niagara Falls
Commercial for Sale in Niagara Falls
Neighbourhood: 223 - Chippawa
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- MLS Number
- X13791310
- Property Type
- Commercial
- Status
- active
- Days on Site
- 21
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- 3,266 sqft
- Neighbourhood
- Niagara Falls
- Lot Size
- 7,815 sqft
- Taxes (2025)
- $9,645
- Listing Brokerage
- RE/MAX REALTY SERVICES INC.
RARE TRIPLEX OPPORTUNITY IN A HIGH-DEMAND TOURIST DESTINATION! This exceptional Mixed-use/Commercial/Residential property offers incredible flexibility with 3 fully self-contained 3-bedroom apartments, providing a total of 11 bedrooms and 8.5 bathrooms. Each unit features its own furnace, A/C unit, owned hot water tank, gas meter, hydro meter and kitchen, offering excellent separation and versatility for multiple living or income arrangements. The property is TC (Tourist Commercial) zoned and has operated successfully as a licensed Bed & Breakfast for over two decades, providing a valuable history of continuous use.Endless possibilities include Bed & Breakfast, Airbnb, daycare (subject to applicable approvals), multi-generational living, long-term rentals, or a combination of uses. Multiple bedrooms feature private ensuites, complemented by several living areas, a commercial-style kitchen, and durable hardwood and ceramic-tile flooring throughout. Wheelchair/handicapd rive-up access extends from the front yard directly to the main-floor apartment. Ample parking accommodates 6+ vehicles. A truly rare opportunity for investors, entrepreneurs, extended families, or those seeking a property with multiple income-producing possibilities. Too much to mention-this property must be experienced! Be sure to explore the virtual tour, professional photography and drone footage to fully appreciate everything this unique property has to offer.{{{ Must See Virtual Tour & Pictures }}
Estimate your monthly payments for this property
Estimated Payment
$5,303.58/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover 223 - Chippawa
223 - Chippawa is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in 223 - Chippawa
- •Convenient location in Niagara Falls
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
223 - Chippawa offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
8006 Norton Street, Niagara Falls
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Key factors for evaluating this commercial property
Commercial Due Diligence Checklist
· Verify zoning and all permitted uses
· Review all existing leases (terms, renewals, net vs. gross)
· Request estoppel certificates from all tenants
· Order a Phase 1 Environmental Site Assessment
· Commission a property condition assessment
· Review operating costs (taxes, insurance, maintenance)
Commercial Financing Note
Commercial mortgages require 20–35% down, shorter amortization, and lenders underwrite based on the property's income. CMHC insurance is not available for commercial. Connect with a commercial mortgage broker early.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Commercial Pricing Context
At $367/sqft, this is priced in the mid-range for GTA commercial space. Commercial values are highly location- and zoning-dependent, so comparable sales analysis is essential. I'll pull recent commercial comps for you.
Commercial Market Pace
Commercial real estate transactions typically take 60–120 days from offer to close — longer than residential — due to financing conditions, environmental reports, and tenant estoppel reviews. This 21-day listing is within normal commercial market exposure.
Zoning & Permitted Use — Verify First
I always confirm the zoning and permitted uses before a client gets too far into a commercial transaction. What a property is currently used for and what it's legally permitted for are sometimes different. If you plan to change the use, a zoning amendment or minor variance may be required — that's additional cost, time, and risk.
Tenancy & Income Review
If this property has existing tenants, I'd want to review all leases carefully: term lengths, renewal options, rent amounts, escalation clauses, and who's responsible for operating costs (gross lease vs. net lease). A strong long-term tenant is an asset; a lease expiring at closing is a different story. We'll request estoppel certificates from all tenants.
Environmental & Due Diligence
A Phase 1 Environmental Site Assessment is standard practice for commercial purchases in Ontario. If historical industrial use is flagged, you'll need a Phase 2. I also recommend a property condition assessment covering structure, roof, HVAC, and electrical — commercial systems are expensive to replace and often not disclosed in detail on the listing.
Commercial Financing Realities
Commercial mortgages work differently than residential. Expect 20–35% down, shorter amortization (15–25 years), and lenders who underwrite based on the property's income, not just your personal financials. CMHC insurance is generally not available for commercial, and rates are typically higher. I can connect you with commercial mortgage brokers who specialize in Niagara Falls transactions.