12,000 sqft
Fully Air Conditioned
Forced Air
$4,900,000
Prime Niagara Falls Investment Opportunity! Exceptional location at 5306 Victoria Ave., within walking distance to the Falls, Clifton Hill, Casino Niagara and major tourist attractions. Excellent access to Highway 420 and the QEW.Property features 16 fully furnished and renovated hotel rooms, currently operating as short-term rentals. Approximately 6,000 sq. ft. of restaurant space with two kitchens; approximately half is currently leased, with the remaining space available for an owner-user or additional tenant.Also includes a 4-bedroom upper-level apartment and a 1-bedroom basement apartment, both tenant-occupied and with separate entrances. Ample on-site parking adds significant value in this high-demand tourist area.A versatile property offering multiple income streams and excellent potential for investors, hospitality operators and owner-users. Rare opportunity to own a substantial income-producing property in a premium Niagara Falls location. (id:62104)
Business
|
Business Type
|
Accommodation |
|
Business Sub Type
|
Motel |
Property Details
|
MLS® Number
|
X13837422 |
|
Property Type
|
Business |
|
Community Name
|
211 - Cherrywood |
|
Amenities Near By
|
Highway, Public Transit |
|
Equipment Type
|
Water Heater |
|
Rental Equipment Type
|
Water Heater |
Building
|
Age
|
51 To 99 Years |
|
Appliances
|
Furniture |
|
Cooling Type
|
Fully Air Conditioned |
|
Heating Fuel
|
Natural Gas |
|
Heating Type
|
Forced Air |
|
Size Interior
|
12,000 Sqft |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Highway, Public Transit |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
122 Ft ,4 In |
|
Size Frontage
|
134 Ft ,3 In |
|
Size Irregular
|
134.27 X 122.35 Ft |
|
Size Total Text
|
134.27 X 122.35 Ft |
|
Zoning Description
|
Gc |
https://www.realtor.ca/real-estate/30337994/5306-victoria-avenue-niagara-falls-cherrywood-211-cherrywood