5427 River Road, Niagara Falls | Image 1

5427 River Road

Niagara Falls

  • Commercial

$2,499,000
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Business Type: Bed & Breakfast

  • Zoning: Commercial / Res

  • Age: 51-99 years

  • Taxes: 3475

  • MLS®#: X8079630

  • Days on Site: 46 Days

  • Added: Feb 20, 2024 (2 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: KELLER WILLIAMS REFERRED URBAN REALTY

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

Property

  • Status: Sale

  • Type: Bed & Breakfast

  • Property Type: Investment

  • Property Type: Accommodation

  • Age: 51-99

  • Area: Niagara Falls

  • Availability Date: Late April

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Elevator: None

  • Freestanding: Y

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: Y

  • Amps: 200

Parking

  • Garage Type: None

  • Covered Parking Spaces: 6

Fees

  • Tax Year: 2023

  • Tax Legal Description: Large Single Family Detached 4 Level Home.

  • Taxes: $3,475

  • Taxes Type: Annual

Land

  • Cross Street: River Rd./Philip Str

  • Municipality District: Niagara Falls

  • Parcel Number: 643420371

  • Sewer: San+Storm

  • Lot Depth: 130 Feet

  • Lot Frontage: 50 Feet

  • Lot Irregularities: Currently Under Renov

  • Zoning: Commercial / Res

Commercial Specific

  • Sprinklers: Y

  • Total Area: 6522

  • Total Area Metric: Sq Ft

  • Office Size: 4199

  • Office Size Metric: Sq Ft

  • Crane: N

  • Lot Code: Building

  • Survey: Y

JK-8

ÉÉC Saint-Antoine

Elementary: Catholic
2.52 km
JK-8

Simcoe Street Public School

Elementary: Public
0.81 km
JK-8

St Patrick Catholic Elementary School

Elementary: Catholic
1.34 km
JK-8

St Mary Catholic Elementary School

Elementary: Catholic
2.08 km
JK-8

Father Hennepin Catholic Elementary School

Elementary: Catholic
3.12 km
JK-8

Valley Way Public School

Elementary: Public
1.38 km
9-12

Thorold Secondary School

Secondary: Public
11.29 km
9-12

Westlane Secondary School

Secondary: Public
5.30 km
9-12

Stamford Collegiate

Secondary: Public
2.58 km
Pre-Grade 9-12

Saint Michael Catholic High School

Secondary: Catholic
6.75 km
Pre-Grade 9-12

Saint Paul Catholic High School

Secondary: Catholic
4.23 km
9-12

A N Myer Secondary School

Secondary: Public
4.10 km
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