28
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$3,785,000
Est. payment /mo
1 SqFt
Active
122 Ridgeway RD Fort Erie, ON L0S 1B0
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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
Province ON
County Niagara
Area Niagara
Interior
Cooling Yes
Exterior
Community Features Recreation/Community Centre
Utilities Available Yes
Lot Frontage 300.83
Lot Depth 233.6
Listed by RE/MAX REALTY SPECIALISTS INC.