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210 - Downtown, Niagara Falls
$1,095,000
This five (5) Bedroom HOUSE has a BED & BREAKFAST License. Located in Scenic LOCATION, the Bed & Breakfast District of 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 BB License, which opens earning potential for capable entrepreneur. B & B operation includes 4 rooms, which have their own ensuite bathrooms, and common area. 5th bedrooms is allocated for the owner/host. Large, 58 x 112 ft fenced lot with access from River Road (front) and also from laneway (back). 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. The House was fitted & upgraded to meet City's Bylaws for operating a BED and BREAKFAST Business and has a City License and is ready 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, which is solely dependent on Buyer's entrepreneurial and marketing performance. *For Additional Property Details Click The Brochure Icon Below*
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $6,540 |
| Lot Size | 58 ft x 112 ft |
| mls© Number | X13601010 |
| Listed By | ICI SOURCE REAL ASSET SERVICES INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,605
- Property tax
- $545
- Heat allowance
- $150
- Housing costs
- $6,300 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$194,000
gross annual household income
- Payment at 4%
- $4,608 / mo
- Cash down
- $219,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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