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$1,170,000
Available - For Sale
Listing ID: X12098893
This five (5) Bedroom HOUSE is located in one of the most scenic locations in Ontario - City of NIAGARA Falls directly on RIVER ROAD, which runs along NIAGARA GORGE from the FALLS on towards Niagara-on-the-Lake,and while it can accommodate any family, it also has a BED and BREAKFAST License, which opens earning potential for capable entrepreneur. House is right on the RIVER Road in the FALLS's end of the Bed & Breakfast District. 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. Direct Exposure to Tourist Traffic along Rover Road. House was used in the 90's as Bed & Breakfast, Recently upgraded to new BB Bylaws, inspected & Licensed and Operational as Bed & Breakfast Business.The House was fitted & upgraded to meet City's Bylaws for operating a BED and BREAKFAST Business and has a City License to accommodate Tourists. Property is right on Niagara Gorge, so at times, depending on wind direction, you can hear the FALLS roaring in a distance. Please note this Offer is for House only, and not for BB business, which is not transferable. Buyer can apply for own license And while the B & B can generate income after Buyer obtains own license, note that Seller gives No Warranty to Buyer for any success of BB operations, which is solely dependent on Buyer's entrepreneurial performance. Buyer shall do own market research and assess own capacities to run BB business. Seller just added 4th room along with parking to BB license and increased rental capacity 25%. *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 $39,950 $79,900 $119,850 $159,800
First Mortgage $759,050 $719,100 $679,150 $639,200
CMHC/GE $20,873.88 $14,382 $11,885.13 $0
Total Financing $779,923.88 $733,482 $691,035.13 $639,200
Monthly P&I $3,340.35 $3,141.45 $2,959.65 $2,737.64
Expenses $0 $0 $0 $0
Total Payment $3,340.35 $3,141.45 $2,959.65 $2,737.64
Income Required $125,263.26 $117,804.25 $110,986.87 $102,661.65

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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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