Unknown for 5207 River Rd, Niagara Falls Ontario L2E 3G9
14 days on Market

5207 River Rd, Niagara Falls, Ontario L2E 3G9

Detached
5
5
~2000-2500 sqft
$1,110,500
Get pre-qualifiedPowered by Neo Mortgage
Detached
5
5
~2000-2500 sqft

Contact us about this property

Call

Highlights

Estimated ValueNot available

Price/Sqft$500/sqft

Est. Mortgage$4,769/mo

Tax Amount (2024)$6,164/yr

Days On Market14 days


Description

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. *For Additional Property Details Click The Brochure Icon Below*


Property Details

Style1 1/2 Storey
View-
Age of property-
SqFt~2000-2500 SqFt
Lot Size6,496 SqFt(112 x 58)
Parking Spaces5.5
MLS ®NumberX12098893
Community NameElgin
Data SourceTRREB
Listing byICI SOURCE REAL ASSET SERVICES INC.

Features

Heating: Other
Cooling: Window Unit
Basement: Unfinished, W/O

2nd Floor

Br

6.38 x 4.72

Br

5.67 x 6.22

Br

12.0 x 4.72


Features

Lot size: 6,496 SqFt

Parking

Garage spaces 1.5

Garage type Detached

Other parking spaces 4

Total parking spaces 5.5


Property listed by ICI SOURCE REAL ASSET SERVICES INC., Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

Market Data - Elgin

Geo Zone Map ThumbnailElgin

Buyer's Market

View Market Data

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

32 days

Compared to

2024

37 days

2023

26 days

2022

16 days

New Listings

Past 30 days

36 listings

Compared to

2024

34 listings

2023

26 listings

2022

38 listings

Units sold

Past 30 days

13 units

Compared to

2024

17 units

2023

9 units

2022

18 units

Median Sold Price

Past 30 days

$460,000

Compared to

2024

$470,000

2023

$570,000

2022

$652,500


Population and Demographics

Overview

Total population 9664
Average household income $80,133

Age (%)

50 to 64
23%
65 and plus
22%
20 to 34
20%
35 to 49
18%
0 to 19
17%

Household composition (%)

Single family
49%
Single person
43%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
86%
Others
6%
Italian
3%
French
2%
Spanish
2%

House tenancy (%)

Owners
54%
Renters
46%

Schools and amenities

Estimated Budget