4816 BRIDGE STREET, Niagara Falls (Cherrywood)

$5,800,000

For sale: Other

Other at 4816 BRIDGE STREET, Niagara Falls (Cherrywood)
Property type
Sale Of Business
MLS®
MLS® X13837450
Neighbourhood
211 - Cherrywood

Rare Downtown Niagara Falls Investment & Development Opportunity! Approximately 1.2 acres with 3 buildings (4816 Bridge, 4830 Bridge, and 4840 Bridge), ample parking, and two road entrances on a corner lot. Main building features approx. 7,000 sq. ft. restaurant/souvenir retail space plus 19 recently renovated hotel rooms, each with a private bathroom, one shared kitchen, laundry and living area. Basement includes a club space currently not operating. Second building offers a commercial unit plus multiple residential units. Third building is a fully renovated house with a tenant. Excellent location within walking distance to the GO Train station, bus terminal and new Niagara university. Potential for student-oriented accommodations, or Senior home, and future expansion/redevelopment, subject to zoning and municipal approvals. Excellent opportunity for investors, developers and owner-operators. Buyer to verify zoning, permitted uses and development potential.

Sold data

Homes in Niagara Falls (Cherrywood) — recent sold market

Homes in Niagara Falls (Cherrywood) took a median of 33 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 58, across 317 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 59 days.

The median sale price was $599,000.

Homes sold for about 3.2% below asking on average, so there was room to negotiate.

About 11% of sales closed above the list price.

Around 31% of sellers reduced their price before finding a buyer.

Median days to sell
33
Median sale price
$599,000
Sale-to-list ratio
96.8%
Sold above asking
11%

Based on 317 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Niagara Falls (Cherrywood)

Niagara Falls (Cherrywood) has 31 Fraser Institute–rated schools (26 elementary and 5 secondary), averaging 7.6/10.

Rated schools
31
Elementary
26
Secondary
5
Average rating
7.6 / 10

Top-rated schools in Niagara Falls (Cherrywood)

  • Kate S Durdan — elementary, Niagara FallsFraser rating 10.0/10
  • Father Hennepin — elementary, Niagara FallsFraser rating 9.9/10
  • St Vincent de Paul — elementary, Niagara FallsFraser rating 9.9/10
  • Orchard Park — elementary, Niagara FallsFraser rating 9.8/10
  • Simcoe Street — elementary, Niagara FallsFraser rating 9.4/10
  • Heximer Avenue — elementary, Niagara FallsFraser rating 9.3/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 4816 BRIDGE STREET