4291 Simcoe Street, Niagara Falls (Downtown) - Business for Sale
4291 Simcoe Street, Niagara Falls (Downtown), Ontario, L2E1T5
This business in Niagara Falls is for sale offering roughly 4,036 sq ft of space. It has been on the market 51 days, fresher than the Niagara Falls average of 90 days.
Description
9 BEDROOMS, 9 BATHROOMS, STEPS FROM WORLD-FAMOUS NIAGARA FALLS! An incredible estate-style property and turnkey Bed & Breakfast opportunity in the heart of Niagara Falls' tourist district, offering approximately 4,400 sq. ft. of total living space across two separate residences and 9 parking spaces!The impressive main house features 7 bedrooms and 7 ensuite bathrooms, with four bedrooms on the second floor and three on the main floor. A separate detached cottage-style guest house offers another 2 bedrooms and 2 bathrooms, complete with its own kitchen, living room and forced-air heating-creating an ideal setup for private owner's quarters or additional living space.Currently operating as Serenity Inn, the property has earned exceptional guest ratings of 9.9 and 4.9 on Airbnb and is ideally located just a short walk to River Road and a pleasant stroll to the Falls, restaurants, attractions and everything Niagara's world-famous tourist district has to offer.The property has been extensively renovated and updated, including newer flooring, kitchen and bathrooms, updated plumbing and electrical, nearly all newer windows, new hot water heater, engineered structural supports, double-drywall fire protection, updated sprinkler system with yearly inspections completed by Troy Fire, new fencing, improved drainage, waterproofing along the east side of the main house, newer driveway and parking area, deck and sunroom. The main residence features hot water heating with window-unit air conditioning.Very clean, well maintained and truly turnkey, this is a rare opportunity to own a substantial 9-bedroom, 9-bathroom property in one of Canada's most recognizable tourist destinations, with the ability to live and work in the same exceptional location.Property is being offered without existing rental tenancies. Buyer to complete their own due diligence regarding zoning, licensing, permitted use and continuation of any Bed & Breakfast or hospitality operation. (id:66096)
Property Details
- MLS®
- X13793358
- Property Type
- Business
- Business Type
- Accommodation
- Zoning
- R2
- Interior Size
- 4,036 ft²
- Frontage
- 75 ft
- Building Area
- 4,036 ft²
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Property Tax
- $8,272.59/yr
- Listed
- 51 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 51 days on market, against an average age of 90 days across the listings currently for sale in this city
This business in Niagara Falls (Downtown) has been listed for 51 days, which is 39 days fresher than the city average of 90. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L2E)
This home lists at $1,800,000, about 29.6× the local median household income of $60,800.
Carrying it typically needs a household income of about $351,603 (20% down, 25-yr amortization, stress-tested) — roughly 478% above the area median.
- Median household income
- $60,800
- Population
- 18,587
- Median age
- 46.4
- Owner / renter
- 61% / 39%
- Avg. household size
- 2.2
Source: Statistics Canada, 2021 Census (FSA L2E)
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$1,800,000
Niagara Falls