Homes for sale - 4625 Cataract AVE, Niagara Falls, ON L2E 3M3

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Mike Taylor

mike@ninemilerealty.ca +1(705) 985-1110

$ 6,999,000

Est. payment | -/mo

10,000 SqFt

Save Virtual Tour

$ 6,999,000

Est. payment | -/mo

Save Virtual Tour

10,000 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $699

Subdivision 210 - Downtown

MLS Listing ID X12446945

Annual Tax Amount $40,680

Tax Year 2024

Property Sub-Type Commercial Retail

Property Description

Development happening all around this property! CLICK MORE PHOTOS 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

Community 210 - Downtown

Area Niagara

Interior

Cooling No

Exterior

Utilities Available Available

Lot Frontage 127.87

Lot Depth 281.9

Others

Security Features No

ParcelsYN No

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

Listed by RE/MAX NIAGARA REALTY LTD, BROKERAGE

We know the real estate landscape, the best neighbourhoods, and how to build the best relationships. We’re committed to delivering exceptional service based on years of industry expertise and the heartfelt desire to get it right.

+1(705) 985-1110

mike@ninemilerealty.ca

183 Bayfield St, Barrie, ON, L4M 3B4, CAN

4625 Cataract AVE Niagara Falls, ON L2E 3M3