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Business For Sale · Specialty

4291 SIMCOE STREET, Niagara Falls (Downtown)

4291 SIMCOE STREET, Niagara Falls (Downtown), ON L2E1T5

$1.8M total

4,036 SF

Asset Class

Specialty

Size

4,036 SF

Building class

A

Zoning

DC2 — Site Specific

$ / SF

$446

Occupancy

85%

About this property

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. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$1.80M
Down payment30% · $540K
Interest rate6.25%
Amortization25 years
Occupancy85%
Expense growth2.5%

Monthly debt service

$8K

Projected NOI

$94K

Annual cash flow

$-5K

Cash-on-cash

-0.98%

DSCR

0.95

Going-in cap

5.25%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Halcyon Wealth Partners1,550 SF2028-03
Halcyon Wealth Partners1,889 SF2028-03

Area demographics

Trade area within 3 miles of the property.

Population

115,803

Households

44,374

Median income

$112,000

Median age

34.5

Daytime population

155,352

5-yr growth

3%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 4291 SIMCOE STREET, Niagara Falls (Downtown).

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.