Unknown for 5207 River Rd, Niagara Falls Ontario L2E 3G9
1 day on Market

5207 River Rd, Niagara Falls, Ontario L2E 3G9

Detached
5
5
~2000-2500 sqft
$1,110,500
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Detached
5
5
~2000-2500 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$500/sqft

Est. Mortgage$4,769/mo

Tax Amount (2024)$6,164/yr

Days On Market1 day


Description

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*


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

Main Floor

Kitchen

6.85 x 4.65

Dining

5.87 x 6.38

Living

5.59 x 7.91

Sunroom

3.58 x 6.02


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
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Market Data - Elgin

Geo Zone Map ThumbnailElgin

Strong 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

28 days

Compared to

2024

50 days

2023

39 days

2022

13 days

New Listings

Past 30 days

29 listings

Compared to

2024

29 listings

2023

24 listings

2022

37 listings

Units sold

Past 30 days

8 units

Compared to

2024

12 units

2023

11 units

2022

21 units

Median Sold Price

Past 30 days

$409,750

Compared to

2024

$548,500

2023

$590,000

2022

$750,100


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