ON > Fort Erie
Fort Erie, ON L0S 1B0,122 Ridgeway RD
Fort Erie, ON L0S 1B0,122 Ridgeway RD
Fort Erie, ON L0S 1B0,122 Ridgeway RD
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Raafat Metwaly

Raafat Metwaly

+1(647) 461-3580
$3,785,000
Est. payment /mo
1 SqFt
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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

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Listed by RE/MAX REALTY SPECIALISTS INC.

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agent

Raafat Metwaly

+1(647) 461-3580

Broker | License ID: 4771063

Broker License ID: 4771063

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