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$4,500,000

0 Beds 0 Baths 10,000 SQFT 0.00 Acres
Type: Commercial

4625 Cataract Avenue
Niagara Falls, ON L2E 3M3

MLS#: 40833413
Rish Oberai
Rish Oberai
Condo Digs
Sales Representative
Phone: 647.669.9429
Office: 647.259.8806
Presented by: RE/MAX Niagara Realty Ltd.

Property 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


 

Interior Features

Bedrooms

Total Bedrooms0

Other Interior Features

Above Grade Finished Area Unit Type0 sqft
Air Conditioning Y/NNo
BasementNone
Below Grade Finished Area Unit Type0 sqft
Fireplace Y/NNo
Total Stories2

General

Building Area Units0 sqft
CityNiagara Falls
CountyNiagara
DirectionsQUEEN - RIVER RD - PARK - CATARACT
Garage Y/NNo
MLS AreaNiagara Falls
MLS Area Minor210 - Downtown
New ConstructionNo
Number Of Units Total0
Property SubtypeBuilding and Land
Property TypeCommercial Sale
Senior Community Y/NNo
SewerSewer (Municipal)
Standard StatusActive
StatusActive
Structure TypeMixed Use
Virtual TourClick here
ZoningCB

Exterior

Building Area Total10,000 sqft
Crops Included Y/NNo
Frontage Length127 sqft
Lot Dimensions127.87 x 281.9
Lot FeaturesIrregular Lot, Other
Water SourceMunicipal
Waterfront Y/NNo

Additional Details

Schools 

High School Hubert H Humphrey Middle School
Elementary School Big Hollow Elementary School

  

Similar Properties

$4,500,000

0 Beds 0 Baths 10,000 SQFT 0.00 Acres
Type: Commercial

4625 Cataract Avenue
Niagara Falls, ON L2E 3M3

MLS#: 40833413
Rish Oberai
Rish Oberai
Condo Digs
Sales Representative
Phone: 647.669.9429
Office: 647.259.8806
RE/MAX Condos Plus Corp. Brokerage
45 Harbour Sq. Toronto, ON M5J 2G4

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