7990 Portage Road, Niagara Falls, ON
Property Highlights
Welcome to this remarkable sale of business located in the coveted neighborhood of 223 - Chippawa. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $139,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 130 x 68 ft lot size
- equipped with yes central cooling and highly efficient gas forced air closed heating
Description
Restaurant Business (Without Property) For Sale. Ideal Family Run Business Just a few minutes from The Falls and MarineLand. Currently Operated As A Fast Food Restaurant Serving Authentic Korean Fried Chicken, Other Authentic Korean Dishes, Alcohol and Beverages. It Can Be Converted Into Indian Or Any Other Food Serving Restaurant with LLBO. The Restaurant Has 27 Indoor Seats Plus A Patio, With Plenty Of Parking. New Lease Possible with Attractive Low Rent Inclusive of T&I. Do Not Go Direct. This Location Benefits from Constant Year-round Vehicle Traffic especially Summer Rush to The Falls. An Opportunity to Secure a Low Cost Property in one of Canada's Top Tourist Destinations.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 7990 Portage Road, Niagara Falls, ON L2G 5Y8
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About Purchasing a Home in Niagara Falls, ON
For a property listed at $139,000 in Niagara Falls, the legal minimum down payment is $6,950 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $1,115 for this transaction. As this listing is in Niagara Falls (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $1,115.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.