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4625 Cataract Avenue, Niagara Falls, ON, L2E 3M3

MLS® # 40649232
Commercial For Sale In Elgin, Niagara Falls, Ontario
$12,000,000 QuickQuoteTM: Not Available
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
4625 Cataract Avenue, Niagara Falls, ON
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ACTIVE
4625 Cataract Avenue, Niagara Falls, ON, L2E 3M3
$12,000,000

Property Information:

Rare opportunity to develop a versatile property in one of the world’s most renowned destinations, just steps from the breathtaking Niagara Falls. Located on **0.93 acres** of prime land (40,762 square feet), this property offers stunning river views and proximity to key regional landmarks, making it an ideal location for various commercial ventures. **Existing Infrastructure**: 33 operational hotel rooms and an attached 4-bedroom house, with functional plumbing, electrical, and baseboard heating systems.**Potential for Expansion**: Build a hotel with 33-37 rooms in this high-traffic tourist area. Includes an inground pool and full laundry facility. Unmatched Location: Just a 30-second walk to the GO station and Whirlpool Bridge, ensuring prime access for tourists and visitors.**Permitted Uses for the Property Include**:Art Gallery, Assembly Hall, Auctioneering Establishment, Bake Shop, Bank, Trust Company, Credit Union, Currency Exchange, Car Rental Establishment, Truck Rental Establishment, Clinic, Dancing Studio, Day Nursery, Drive-In Restaurant, Dry Cleaning Establishment, Farmers' Market, Funeral Home, Health Centre, Hotel, Laundry, Library, Motel, Museum, Office, Parking Lot, Personal Service Shop, Photographer's Studio, Place Of Entertainment, Place Of Worship, Printing Shop, Public Garage, Mechanical, Private Club, Recreational Uses, Restaurant, Retail Store, Service Shop, Tavern, Animal Clinic.With its **flexible zoning** and a location that attracts millions of visitors each year, this property is a prime candidate for a wide range of development opportunities. Whether you're looking to expand the current hotel, develop retail spaces, or introduce new commercial ventures, this property offers an unparalleled chance to capitalize on Niagara Falls’ thriving tourism industry.For more information or to schedule a viewing, contact us today!

Exclusions : All Tenants Belongings.

Property Features:

  • Bedrooms: 0
  • Acres Range:
  • Basement: None
  • Lot Depth: 281.9 Feet
  • Lot Features: Irregular Lot, Other
  • Lot Frontage: 127.87 Feet
  • Water Source: Municipal
  • Zoning: CB
  • Sewer: Sewer (Municipal)

Courtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGE

Data provided by: Niagara Association of REALTORS® 116 Niagara Street, St. Catharines, Ontario L2R 4L4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Location of 4625 Cataract Avenue, Niagara Falls, ON, L2E 3M3

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

36 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

36 hot days expected in 2050

58/100

Moderate

ClimateCheck®

Current data

This property, 4625 Cataract Avenue , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 36 hot days at 34.7 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.7℃

# Hot Days Per Year

Past
7
2050
36

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

61/100

Moderate-High

ClimateCheck®

Current data

This property, 4625 Cataract Avenue , experiences 11 significant 2-day storms per year, with about 317.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 390.9mm of precipitation per year.

Precipitation Per Storm

Past
317.5mm
2050
390.9mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 4625 Cataract Avenue, Niagara Falls, ON, L2E 3M3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$67,475.89

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

20.13 %

High school certificate or equivalent

37.25 %

Apprenticeship trade certificate/diploma

7.37 %

College/non-university certificate

23.69 %

University Degree

11.57 %

Commuter

Travel To Work

By Car

85.63 %

By Public Transit

7.14 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

7.23 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

62.03 %

Houses

37.97 %

Own Vs. Rent