4625 Cataract Avenue,Niagara Falls, ON L2E 3M3
Niagara Falls, ON L2E 3M3
Description
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
Details
| MLS # | 40833413 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 99 |
| Listing Provided By | RE/MAX Niagara Realty Ltd. | Greg Sykes |
Features
| SQ Feet | 10,000 |
|---|---|
| Story(s) | 2 |
| Zoning | CB |
| Acreage | 0.83 |
Interior
| Cooling Yes / No | No |
|---|
Exterior
| Lot Features | Irregular Lot, Other |
|---|
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 44180 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Niagara |
| City | Niagara Falls |
| Postal Code | L2E 3M3 |
| Area | Niagara Falls |
| Subarea | 210 Downtown |
| Community Name | 210 Downtown |
| Listing VS Median (in 210 Downtown) | |
Price: $4,995,000 low | high Med: $199,900 sqft: 10,000 low | high Med: 1,446 $ / sqft: $500 low | high Med: $139 On site: 99 low | high Med: 38 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | Niagara Falls |
| Postal Code | L2E 3M3 |
| Area | Niagara Falls |
| Subarea | 210 Downtown |
| Community Name | 210 Downtown |
| Listing VS Median (in 210 Downtown) | |
Price: $4,995,000 low | high Med: $199,900 sqft: 10,000 low | high Med: 1,446 $ / sqft: $500 low | high Med: $139 On site: 99 low | high Med: 38 | |
