REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,785,000
Est. payment /mo
Active
122 Ridgeway RD Fort Erie, ON L0S 1B0
1 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $3,785,000
MLS Listing ID X11937454
Building Age 31-50
Annual Tax Amount $17,356
Tax Year 2024
Property Sub-Type Investment
Property Description
A rare, lifetime opportunity to preserve the past or develop for the future. Approx. 2 acre corner lot minutes to the famous Crystal Beach and historic downtown Ridgeway. The existing motel, has 20 rooms including 2 kitchenettes, a separate manager's suite, laundry area, outdoor firepits and seating.If your dream is to develop, zoning is R-1M, which allows medium density, up to 4 story builds. The lot can accommodate 70 to 100 (stacked) townhouses, condos or apartments. Buyer is responsible for all city planning and development requirements. The prime land offers a perfect canvas to bring to life a vibrant residential development in the prime Crystal Beach community. **EXTRAS** Absolutely a opportunity for all developers. The area is influenced by future developments.
Location
State ON
County Niagara
Area Niagara
Zoning Commercial
Interior
Cooling Yes
Inclusions List of chattels, furniture.
Exterior
Community Features Recreation/Community Centre
Utilities Available Yes
Lot Frontage 300.83
Lot Depth 233.6
Listed by RE/MAX REALTY SPECIALISTS INC.