4625 Cataract Avenue, Niagara Falls, ON L2E 3M3
Niagara Falls, ON L2E 3M3
About this property
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)
Property facts & features
- Days on market
- Not reported
- Property type
- Commercial Retail
- MLS® number
- X13210814
- Source status
- Price Change
- Bedrooms
- Not provided
- Bathrooms
- Not provided
- Neighbourhood
- Not provided
- Postal code
- L2E 3M3
- Kitchens
- Not reported
- Family room / den
- Not reported
- Interior size
- Not reported
- Building area (total)
- 10,000 sq ft
- Lot size
- Not reported
- Lot depth
- 281.90 ft
- Garage parking spaces
- Not reported
- Total parking spaces
- Not reported
- Garage
- None
- Annual property tax
- 44180
- Basement
- Not provided
- Laundry
- Not provided
- Interior features
- Not provided
- Exterior features
- Not provided
- MLS entry age (not confirmed DOM)
- 158 days
Values and units are reported by the listing source. Verify measurements and fees with the brokerage.
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Listing dates & price record
- Asking amount
- $4,500,000
Original MLS entry
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Explore active properties in Niagara Falls →Listing brokerage: RE/MAX NIAGARA REALTY LTD, BROKERAGE. Displayed by EnterHome Realty. Source: authorized IDX record, MLS® X13210814. Information deemed reliable but not guaranteed.