$5,800,000

Commercial For Sale In Old Town, Niagara-on-the-Lake, Ontario

$5,800,000

Property Information:

Prime Development Opportunity Four Blocks from Downtown. Discover a rare offering in the heart of the city,just four blocks away from Queen Street and downtown. This expansive 1.25-acre property, available for thefirst time since its acquisition and renovation in 1959, presents immense potential for visionary developers.Boasting two parcels of land, including a duplex and a detached heated 3-car garage, the site is ideally suitedfor a range of development options. With its zoning allowing for potential, commercial and single-family lotsor townhome development, this property promises significant returns in a rapidly growing market. Thecurrent owner is open to remaining as a tenant, facilitating a smooth transition and offering potential incomeduring the development process. Additionally, all three buildings on the site are available for lease, furtherenhancing flexibility for interested parties. Don’t miss out on this unparalleled opportunity to shape the futurelandscape of this vibrant community. Whether you’re looking to capitalize on the burgeoning demand forresidential properties or seeking to create a landmark development, this property is poised to fulfill yourvision. Schedule your viewing today and explore the endless possibilities awaiting at this prime downtownlocation.

Property Features:

  • Bedrooms: 0
  • Acres Range:
  • Basement: Partial
  • Construction Materials: Stucco, Vinyl Siding
  • Lot Depth: 254.82 Feet
  • Lot Features: Ample Parking, City Lot, Schools
  • Lot Frontage: 211.27 Feet
  • Parking Features: Attached Garage, Detached Garage, Asphalt
  • Security Features: Alarm System
  • Water Source: Municipal
  • Zoning: R1, C1
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 17

Courtesy of: REVEL Realty Inc., Brokerage

Data provided by: Niagara Association of REALTORS® 116 Niagara Street, St. Catharines, Ontario L2R 4L4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved