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Tony Tompson

 Sales Representative
Century 21 Example Inc., Brokerage Independently owned and operated. 7163 Yonge Street, Suite #206, Thornhill, Ontario L3T 0C6 Cell: 1-866-382-2968Office: 416-548-7854Fax: 416-981-7184

$11,555,701
Available - For Sale
Listing ID: X12021707
5951 Clark Ave , Niagara Falls, L2G 3W3, Ontario


***Prime Location Concrete Steel Motel with 80 Rooms**2 Decent Living Apartments for Owner/Manager* 83 Seat Restaurant Leased For $50000 + bills Yearly*Very Good Revenue*Minutes Walk to Falls*Casino*Skyline Tower*Clifton Hills fun area*Owner spend $$$$$$ on Renovation*Well Maintained condition*No disappointment***
Price $11,555,701
Taxes: $42000.00
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Tenant
Address: 5951 Clark Ave , Niagara Falls, L2G 3W3, Ontario
Postal Code: L2G 3W3
Province/State: Ontario
Legal Description: Lt 12 Pl 266 Village Of Niagara Falls; L
Lot Size: 169.00 x 184.00 (Feet)
Directions/Cross Streets: Ferry Street/Stanley Avenue
Category: Accommodation
Use: Hotel/Motel/Inn
Building Percentage: Y
Total Area: 31096.00
Total Area Code:  Sq Ft
Office/Appartment Area: 1188
Office/Appartment Area Code: Sq Ft
Industrial Area: 0
Office/Appartment Area Code: %
Retail Area: 0
Retail Area Code: %
Area Influences: Major Highway   Public Transit
Business/Building Name: Empress Inn
Financial Statement: N
Chattels: Y
Franchise: N
Days Open: 7
Hours Open: 24
Employees #: 3
Seats: 83
LLBO: N
 Management Expense: 100000
 Heat Expenses: $12000
 Hydro Expense:  $24000
Water Expense: $15000
Other Expenses: $140000
Gross Income/Sales: $1600000
Year Expenses: 2023
Expenses Actual/Estimated: $Est
Truck Level Shipping Doors #: 0
Heat Type: Baseboard
Central Air Conditioning: Y
Water: Municipal
Schools

7 public & 7 Catholic schools serve this home. Of these, 9 have catchments. There is 1 private school nearby.

Parks & Rec

2 ball diamonds, 2 playgrounds and 2 other facilities are within a 20 min walk of this home.

Transit

Street transit stop less than a 2 min walk away. Rail transit stop less than 2 km away.

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$
$ /Year
%
$ /Year
$ /Year
$ /Year
Years
%
%
Percent Down:
Down Payment $577,785.05 $1,155,570.1 $1,733,355.15 $2,311,140.2
First Mortgage $10,977,915.95 $10,400,130.9 $9,822,345.85 $9,244,560.8
CMHC/GE $439,116.64 $322,404.06 $275,025.68 $0
Total Financing $11,417,032.59 $10,722,534.96 $10,097,371.53 $9,244,560.8
Monthly P&I $56,340.99 $52,913.77 $49,828.7 $45,620.24
Expenses $0 $0 $0 $0
Total Payment $56,340.99 $52,913.77 $49,828.7 $45,620.24
Income Required $2,112,787.18 $1,984,266.42 $1,868,576.35 $1,710,758.85

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

$
%
Years
$28,512.65
This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.
Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RIGHT AT HOME REALTY
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At a Glance:
Type: Com - Investment
Area: Niagara
Municipality: Niagara Falls
Neighbourhood: 214 - Clifton Hill
Style:
Lot Size: 169.00 x 184.00(Feet)
Approximate Age:
Tax: $42,000
Maintenance Fee: $10,000
Beds:
Baths:
Garage: 0
Fireplace:
Air Conditioning:
Pool:
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