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For saleMLS® X13210814

4625 Cataract Avenue, Niagara Falls, ON L2E 3M3

Downtown · L2E 3M3

$4,500,000

$450 / sq ft

5 months on market

Total area
10,000 sf
Lot
127.87 × 281.9 ft

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About this property

SELLER FINANCING AVAILABLE. ($3M DOWN & OWNER WILL FINANCE $3M OVER TWO YEARS) - CITY GRANTS AVAILABLE! Development happening all around this property! CLICK MORE PHOTOS & BROCHURE below to view the INTEREST FREE CITY LOAN INCENTIVES INFO. Proposed 20 storey building across the street! This property has been used for movies/TV show filming locations, providing income to the owner! Additionally, its prime QUEEN ST location offers unparalleled visibility and potential for a 30+storey building. This exceptional offering includes not just the hotel but also a separate 5 bed, 4 bath home on the same lot, perfect for an owners residence, a property manager, or added value as an Airbnb. It also has the potential to be subdivided. This is a rare opportunity to develop a versatile property in one of the most renowned destinations, just steps from Niagara Falls. Situated on 0.93acres of prime land (40,762 sqft),this property boasts stunning river views and proximity to key regional landmarks, making it an ideal location for commercial ventures.The existing infrastructure includes 33 operational hotel rooms and an attached 5-bedroom, 4-bathroom house, with functional systems. The property also features an inground pool and full laundry facility. With potential for expansion, there is an opportunity to construct a hotel with 33-37 FLOORS in this high-traffic tourist area. Located just a 30-second walk to the GO station and Whirlpool Bridge, the property ensures prime access for tourists and visitors. Additionally, it is zoned for a wide variety of uses, including art galleries, assembly halls, restaurants, retail stores, hotels, motels, parking lots, recreational uses, and much more, making it a prime candidate for development. With its flexible zoning and prime location, attracting millions of visitors each year, this property presents an unparalleled opportunity to capitalize on Niagara Falls thriving tourism industry. More info in Supplements (70655495)

Property details

Property

Property type
retail
Interior size
10,000 sq ft
Lot size
127.87 × 281.9 ft
Zoning
CB
Possession
FLEX

Interior

Heating
Radiant
Cooling
No

Costs

List price
$4,500,000
Property taxes
$44,180 / year (2025)
Price per sq ft
$450

Listing

MLS® number
X13210814
Status
For sale
Listed
May 28, 2026
Days on market
160
Last updated
October 14, 2026
Listing brokerage
RE/MAX NIAGARA REALTY LTD, BROKERAGE

Price & sale history

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced above most comparable listings — about 89% of comparable retail listings in Downtown are asking less.

$689KMedian $1.10M$2.84M
This home
$450 / sq ft
Comparable median
$230 / sq ft

Based on 9 comparable active retail listings in Downtown. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $900,000
$900,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$19,905.02
Property tax (est.)
$3,681.67
Estimated monthly
$23,587

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$98,975
Total due on closing
$98,975

An estimate on the asking price of $4,500,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX NIAGARA REALTY LTD, BROKERAGE. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$4,500,000

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