$1,350,000 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

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 Sep 20, 2024
Property Summary
Property Type Investment

More like this:
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
Interested in obtaining the full price history for this property?
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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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