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5427 River Road
Niagara Falls Niagara Falls L2E 3H1

$1,199,000 /For Sale
Commercial

Main Photo: 5427 River Road in Niagara Falls: Commercial for sale : MLS®# X8079630
Photo 1: 5427 River Road in Niagara Falls: Commercial for sale : MLS®# X8079630
Photo 2: 5427 River Road in Niagara Falls: Commercial for sale : MLS®# X8079630
Photo 3: 5427 River Road in Niagara Falls: Commercial for sale : MLS®# X8079630
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X8079630
Bus Major:
Bed & Breakfast
Welcome to the "Niagara Gorgeview Inn" a Remodeled Purpose Built Waterview Investment Property for the Savvy Investor, looking to break into the lucrative Niagara Hospitality Industry. Just over 4200 SF. of Brand New Living Space. Currently at Electrical Stage. The Main Level features a Guest Lounge with Fireplace and W/O to Front Balcony with Spectacular Views of the Gorge/River plus a 2 Room Conference Area w/ Full Kitchen Facilities and a Wheelchair Accessible Washroom, plus access to the Rear Garden Patio w/BBQ Area. The Upper 2nd & 3rd Floors each have 2 Spacious Double (2 Bedroom, 2 Bath)Suites w/Exterior Balconies off every Bedroom. The Basement is a self contained, 1 Bedroom Apartment suitable for an Owner Operator or additional Rental Income for your Investment.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
6522 sq. ft.
Total Area:
6,522 sq. ft.
Office/Apt Area:
4199 sq. ft.
Depth:
130'
Frontage:
50'
Lot Details:
50.00 x 130.00 Feet
Water supply:
Municipal
Rooms:
0
Zoning:
Commercial / Residential
Heating type:
Gas Forced Air Open
Cooling:
Yes
Survey Available:
Yes
Garage:
None
Parking Spaces:
6
Possession Details:
Late April
Lot Irregularities:
Currently Under Renovation
HST Applicable To Sale Price:
No
Type Taxes:
Annual
Taxes:
$3,475 / 2023
Assessment:
$- / -
Niagara Falls
Niagara
Yes
Hot Water Tank Contract to be Assumed by Buyer.
New Kitchen Appliances and Laundry Units & All Window Coverings and Electrical Light Fixtures Included Property is HST Applicable.
The Owner is in the process of completing a Full Renovation and working with the City Authorities for Final Designation of House & Business. Closing Date depends on Construction Schedule/Approvals. See Sch "D" Approx Closing Late April 2024
None
No
Amperage:
200
Utilities:
Yes
Sewers:
Sanitary+Storm
Air Conditioning:
Yes
Seller Property Info Statement:
No
Physically Handicapped-Equipped:
Yes
Major Business Type:
Bed & Breakfast
Category:
Accommodation
Date Listed:
Feb 20, 2024
Original Price:
$1,350,000
Previous Price:
$1,999,000
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Listed by KELLER WILLIAMS REFERRED URBAN REALTY
Data was last updated November 22, 2024 at 04:15 PM (UTC)
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