$4,500,000
Niagara Falls
4625 CATARACT Avenue, Niagara Falls, Ontario, L2E3M3
This other in Niagara Falls is for sale offering roughly 10,000 sq ft of space.
SELLER FINANCING AVAILABLE. ($3M DOWN & OWNER WILL FINANCE $3M OVER TWO YEARS) - CITY GRANTS AVAILABLE! Development happening all around this property! CLICK MORE PHOTOS & BROCHURE below to view the INTEREST FREE CITY LOAN INCENTIVES INFO. Proposed 20 storey building across the street! This property has been used for movies/TV show filming locations, providing income to the owner! Additionally, its prime QUEEN ST location offers unparalleled visibility and potential for a 30+storey building. This exceptional offering includes not just the hotel but also a separate 5 bed, 4 bath home on the same lot, perfect for an owners residence, a property manager, or added value as an Airbnb. It also has the potential to be subdivided. This is a rare opportunity to develop a versatile property in one of the most renowned destinations, just steps from Niagara Falls. Situated on 0.93acres of prime land (40,762 sqft),this property boasts stunning river views and proximity to key regional landmarks, making it an ideal location for commercial ventures.The existing infrastructure includes 33 operational hotel rooms and an attached 5-bedroom, 4-bathroom house, with functional systems. The property also features an inground pool and full laundry facility. With potential for expansion, there is an opportunity to construct a hotel with 33-37 FLOORS in this high-traffic tourist area. Located just a 30-second walk to the GO station and Whirlpool Bridge, the property ensures prime access for tourists and visitors. Additionally, it is zoned for a wide variety of uses, including art galleries, assembly halls, restaurants, retail stores, hotels, motels, parking lots, recreational uses, and much more, making it a prime candidate for development. With its flexible zoning and prime location, attracting millions of visitors each year, this property presents an unparalleled opportunity to capitalize on Niagara Falls thriving tourism industry. More info in Supplements (70655495 (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 160 days on market, against an average age of 80 days across the listings currently for sale in this city
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Approximate location — exact address confirmed upon showing
This home lists at $4,500,000, about 74.0× the local median household income of $60,800.
Carrying it typically needs a household income of about $879,008 (20% down, 25-yr amortization, stress-tested) — roughly 1346% above the area median.
Source: Statistics Canada, 2021 Census (FSA L2E)
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