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• 5427 River Rd, Niagara Falls, ON L2E 3H1

$2,499,000 ^{FOR SALE}

Investment

Lot: 50 x 130 ftTotal Area: 6,522 ft²
2023 Taxes: $3,475

5427 River Rd
Niagara Falls, ON L2E 3H1 | Niagara

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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.

Extras

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

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Listed By	KELLER WILLIAMS REFERRED URBAN REALTY
Data Provided By	Toronto Regional Real Estate Board
MLS® Listing Number	X8079630
Last Updated	Mar 11, 2024

Property Summary

Property Type	Investment More like this: Niagara Falls Investment for Sale
Use	Bed & Breakfast
Category	Accommodation
PIN	643420371
Legal Description	Large Single Family Detached 4 Level Home.
Occupancy	Vacant
Possession Date	Late April
Taxes (2023)	$3,475
Tax Type	Annual
Directions/Cross Streets	River Rd./Philip Street
Area	Niagara

Price History

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Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information

Freestanding	Y
Lot	50 x 130 ft
Lot Irregularities	Currently Under Renovation
Office/Apt Area	4,199 ft2
Total Area	6,522 ft2
Approximate Age	51-99
Elevator	None
Air Conditioning	Y
Basement	Y
Garage Type	None
Parking Spaces	6
Amps	200
Heat Type	Gas Forced Air Open
Sprinklers	Y
Sewers	San+Storm
Utilities	Y
Water	Municipal
Crane	N
Survey	Y
Lot/Bldg/Unit Code	Building
Zoning	Commercial / Residential
Seller Property Info Statement	N

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