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$4,500,000
Status: OFF MARKET
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.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X9047287 |
| Listing Type | :Sale |
| Property Age | :31-50 Years |
| Possession Date | : |
| Last Updated | :25 Jul, 2024 (150 Days ago) |
| Source | :TRREB |
| Area | :Niagara |
|---|---|
| Postal Code | : L0S 1B0 |
| Price | : $4,500,000 |
|---|---|
| Property Taxes | :$17356.00 |
| Tax Year | :2023 |
|---|
| Cross Street | :Ridgeway/Brewster Road |
|---|
| Fireplace/Stove | :No |
|---|
19 Jul, 2024
TREB #X9047287
Available
$4500000.0
