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Caroline Marshall

carolinesellsmuskoka@gmail.com +1(705) 388-1792

$ 6,999,000

Est. payment -/mo

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4625 Cataract Avenue Niagara Falls, ON L2E 3M3

10,000 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed,Building and Land

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $699

MLS Listing ID 40776691

Abv Grd Liv Area 10,000

Annual Tax Amount $40,680

Property Sub-Type Mixed,Building and Land

Source Cornerstone

Property Description

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 0.93 acres 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 plumbing, electrical, and baseboard heating 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. Community Improvement Plan and City Incentives/Interest-Free Loan Information in Supplements

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

Level or Stories 2

New Construction No

Others

Senior Community false

Tax ID 644450034

Ownership Freehold/None

Virtual Tour https://www.youtube.com/shorts/iErVqnkC468

Listed by RE/MAX Niagara Realty Ltd.

Caroline Marshall

+1(705) 388-1792

GET MORE INFORMATION