$ 4,500,000
122 Ridgeway RD Fort Erie, ON L0S 1B0
Schedule a Tour
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
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
$ 4,500,000
Est. payment /mo
Active
122 Ridgeway RD Fort Erie, ON L0S 1B0
1 SqFt
UPDATED:
07/25/2024 08:25 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $4,500,000
MLS Listing ID X9047287
Annual Tax Amount $17,356
Tax Year 2023
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.
Location
Province ON
County Niagara
Zoning Commercial
Interior
Cooling Yes
Inclusions List of chattels, furniture.
Exterior
Community Features Recreation/Community Centre
Utilities Available Yes
Parking Type Double Detached
Listed by RE/MAX REALTY SPECIALISTS INC.