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$1,095,000
Niagara Falls
5207 River Road, Niagara Falls (Downtown), Ontario, L2E3G9
This 5-bedroom, 5-bathroom home in Niagara Falls is for sale offering roughly 2,250 sq ft of space.
This five (5) Bedroom HOUSE has a BED & BREAKFAST License. Located in Scenic LOCATION, the Bed & Breakfast District of City of NIAGARA Falls directly on RIVER ROAD, which runs along NIAGARA GORGE from the FALLS on towards Niagara-on-the-Lake, and while it can accommodate any family, it also has BB License, which opens earning potential for capable entrepreneur. B & B operation includes 4 rooms, which have their own ensuite bathrooms, and common area. 5th bedrooms is allocated for the owner/host. Large, 58 x 112 ft fenced lot with access from River Road (front) and also from laneway (back). LOCATION ! ~ 1.0 km away from RAINBOW Bridge~1.5 km away from AMERICAN Falls )~ 2.5 km away from HORSESHOE Falls~ 1.4 km to Bus & Railway Station. Direct Exposure to Tourist Traffic along Rover Road. The House was fitted & upgraded to meet City's Bylaws for operating a BED and BREAKFAST Business and has a City License and is ready to accommodate Tourists.Property is right on Niagara Gorge, so at times, depending on wind direction, you can hear the FALLS roaring in a distance. Please note this Offer is for House only, and not for BB business, which is not transferable. Buyer can apply for own license And while the B & B can generate income, which is solely dependent on Buyer's entrepreneurial and marketing performance. *For Additional Property Details Click The Brochure Icon Below* (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Long Listed: 104 days on market, against an average age of 88 days across the listings currently for sale in this city
This 5-bed single family in Niagara Falls (Downtown) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $1,095,000, about 18.0× the local median household income of $60,800.
Carrying it typically needs a household income of about $213,892 (20% down, 25-yr amortization, stress-tested) — roughly 252% above the area median.
Source: Statistics Canada, 2021 Census (FSA L2E)
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Loading rates, 30-yr amortization
Cash Needed to Close
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