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New3 days ago

4291 Simcoe Street

210 - Downtown, Niagara Falls

$1,800,000

Detached|2-Storey
9 | 7 | 11
About this home

9 BEDROOMS, 9 BATHROOMS, STEPS FROM WORLD-FAMOUS NIAGARA FALLS! An incredible estate-style property and turnkey Bed & Breakfast opportunity in the heart of Niagara Falls' tourist district, offering approximately 4,400 sq. ft. of total living space across two separate residences and 9 parking spaces!The impressive main house features 7 bedrooms and 7 ensuite bathrooms, with four bedrooms on the second floor and three on the main floor. A separate detached cottage-style guest house offers another 2 bedrooms and 2 bathrooms, complete with its own kitchen, living room and forced-air heating-creating an ideal setup for private owner's quarters or additional living space.Currently operating as Serenity Inn, the property has earned exceptional guest ratings of 9.9 and 4.9 on Airbnb and is ideally located just a short walk to River Road and a pleasant stroll to the Falls, restaurants, attractions and everything Niagara's world-famous tourist district has to offer.The property has been extensively renovated and updated, including newer flooring, kitchen and bathrooms, updated plumbing and electrical, nearly all newer windows, new hot water heater, engineered structural supports, double-drywall fire protection, updated sprinkler system with yearly inspections completed by Troy Fire, new fencing, improved drainage, waterproofing along the east side of the main house, newer driveway and parking area, deck and sunroom. The main residence features hot water heating with window-unit air conditioning.Very clean, well maintained and truly turnkey, this is a rare opportunity to own a substantial 9-bedroom, 9-bathroom property in one of Canada's most recognizable tourist destinations, with the ability to live and work in the same exceptional location.Property is being offered without existing rental tenancies. Buyer to complete their own due diligence regarding zoning, licensing, permitted use and continuation of any Bed & Breakfast or hospitality operation.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$8,273
Lot Size75 ft x 171 ft
mls© NumberX13799952
Listed ByRE/MAX NIAGARA REALTY LTD, BROKERAGE

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%
$9,213
Property tax
$689
Heat allowance
$150
Housing costs
$10,053 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $360,000
25-yr amortization

Income needed

$309,000

gross annual household income

Payment at 4%
$7,575 / mo
Cash down
$360,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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