5207 River Rd
Niagara Falls, L2E 3G9
FOR SALE
$1,398,888
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Property Description
The House with Approximately 200 SQ-M, 2150 Square Feet has a BED and BREAKFAST Business License to accommodate Tourists coming to World Renown NIAGARA FALLS from Around the WORLD. 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 !!! 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 you can hear roaring in a distance.
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Extras
~ 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 *For Additional Property Details Click The Brochure Icon Below*
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Property Details
Street
City
Property Type
Detached, 1 1/2 Storey
Approximate Sq.Ft.
2000-2500
Lot Size
58' x 112'
Fronting
East
Taxes
$6,164 (2024)
Basement
Unfinished, W/O
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Window Unit
Water
Municipal
Parking Spaces
4
Driveway
Available
Garage Type
Detached
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Kitchen | Main | 15.26' x 22.47' | |
Dining | Main | 20.93' x 19.26' | |
Living | Main | 25.95' x 18.34' | |
Sunroom | Main | 19.75' x 11.75' | |
Br | Main | 15.26' x 18.86' | |
Br | Main | 15.75' x 1,873.36' | |
Br | 2nd | 20.41' x 18.60' | |
Br | 2nd | 15.49' x 39.37' | |
Br | 2nd | 15.49' x 20.93' |
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Niagara Falls Market Statistics
Niagara Falls Price Trend
5207 River Rd is a 5-bedroom 5-bathroom home listed for sale at $1,398,888, which is $423,888 (43.5%) higher than the average sold price of $975,000 in the last 30 days (October 2 - October 31). During the last 30 days the average sold price for a 5 bedroom home in Niagara Falls increased by $320,000 (48.9%) compared to the previous 30 day period (September 2 - October 1) and down $311,050 (24.2%) from the same time one year ago.Inventory Change
There were 6 5-bedroom homes listed in Niagara Falls over the last 30 days (October 2 - October 31), which is up 20.0% compared with the previous 30 day period (September 2 - October 1) and up 50.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Niagara Falls typically sold ($84,900) (8.7%) below asking price over the last 30 days (October 2 - October 31), which represents a $40,000 decrease compared to the previous 30 day period (September 2 - October 1) and $0 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Niagara Falls over the last 30 days (October 2 - October 31) stood at 83.3%, up from 60.0% over the previous 30 days (September 2 - October 1) and down from 125.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Niagara Falls stood at 125 days when successfully sold over the last 30 days (October 2 - October 31), compared to 66 days before being removed from the market upon being suspended or terminated.Listing contracted with Ici Source Real Asset Services Inc.
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