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Doug Folsetter

doug@folsetter.com +1(905) 515-5494

Listed by Greg Sykes • RE/MAX Niagara Realty Ltd.

$4,995,000

Est. payment - /mo

10,000 SqFt

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Key Details

Property Type Commercial

Sub Type Building and Land

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $499

MLS Listing ID 40833413

Abv Grd Liv Area 10,000

Annual Tax Amount $44,180

Property Sub-Type Building and Land

Source Cornerstone

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

Location

Province ON

County Niagara

Area Niagara Falls

Zoning CB

Direction QUEEN - RIVER RD - PARK - CATARACT

Rooms

Basement None

Kitchen 0

Interior

Fireplace No

Exterior

Lot Frontage 127.87

Lot Depth 281.9

Garage No

Building

Lot Description Irregular Lot, Other

Faces QUEEN - RIVER RD - PARK - CATARACT

Story 2

Sewer Sewer (Municipal)

Water Municipal

New Construction No

Others

Senior Community No

Tax ID 644450034

Ownership Freehold/None

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Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

4625 Cataract Avenue Niagara Falls, ON L2E 3M3

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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4625 Cataract Avenue