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$1,110,500
Available - For Sale
Listing ID: X12055713
This HOUSE is Located in one of the most scenic locations in Ontario - in the City of NIAGARA Falls directly on RIVER ROAD, which runs along NIAGARA GORGE from the FALLS on the South towards Niagara-on-the-Lake towards North. It is right on the RIVER Road in the FALLS's end of the Bed & Breakfast District LOCATION !!! LOCATION !!! LOCATION !!!~ 1.0 km away from RAINBOW Bridge~1.5 km away from AMERICAN Falls )~ 2.5 km away from HORSESHOE Falls~ 1.4 km to Bus & Railway Station .The House has been fitted for operating a BED and BREAKFAST Business and has a City Issued License to accommodate Tourists coming to World Renown NIAGARA FALLS from Around the WORLD. Direct Exposure to Tourist Traffic along Rover Road Was used in Past in the 90's as Bed & Breakfast, Recently upgraded to new BB Bylaws, inspected & Licensed and Operational as Bed & Breakfast Business. Fully Operational now. BED and BREAKFAST House is located in the south end of Bed & Breakfast District(towards the FALLS), directly on the RIVER ROAD leading directly to FALLS, which at times, depending on wind direction, you can hear roaring in a distance. While this BB can potentially generate income after Buyer obtains own license, note that Seller gives No Warranty to Buyer for any success of BB operations which is dependent on Buyer's performance. Buyer shall do own market research and assess own capacities to run BB business and shall do due diligence in all aspects related to purchase of this property. *For Additional Property Details Click The Brochure Icon Below*
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $47,500 $95,000 $142,500 $190,000
First Mortgage $902,500 $855,000 $807,500 $760,000
CMHC/GE $24,818.75 $17,100 $14,131.25 $0
Total Financing $927,318.75 $872,100 $821,631.25 $760,000
Monthly P&I $3,971.63 $3,735.14 $3,518.98 $3,255.02
Expenses $0 $0 $0 $0
Total Payment $3,971.63 $3,735.14 $3,518.98 $3,255.02
Income Required $148,936.29 $140,067.63 $131,961.86 $122,063.29

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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ICI SOURCE REAL ASSET SERVICES INC.

5207 River Road , Niagara Falls, L2E 3G9, Niagara

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Detached
Area: Niagara
Municipality: Niagara Falls
Neighbourhood: 210 - Downtown
Style: 1 1/2 Storey
Lot Size: x 112.00(Feet)
Approximate Age:
Tax: $6,164.33
Maintenance Fee: $0
Beds: 5
Baths: 5
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

  Email Us

HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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