$3,785,000
Available - For Sale
Listing ID: X11937454
122 Ridgeway Rd , Fort Erie, L0S 1B0, Ontario
| 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. |
| Price | $3,785,000 |
| Taxes: | $17356.00 |
| Tax Type: | Annual |
| Occupancy: | Owner |
| Address: | 122 Ridgeway Rd , Fort Erie, L0S 1B0, Ontario |
| Postal Code: | L0S 1B0 |
| Province/State: | Ontario |
| Lot Size: | 300.83 x 233.60 (Feet) |
| Directions/Cross Streets: | Ridgeway/Brewster Road |
| Category: | Accommodation |
| Use: | Hotel/Motel/Inn |
| Building Percentage: | Y |
| Total Area: | 1.61 |
| Total Area Code: | Acres |
| Retail Area: | 4700 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Rec Centre |
| Approximatly Age: | 31-50 |
| Franchise: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Y |
| Sewers: | Sanitary |
| Water: | Municipal |
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| RE/MAX REALTY SPECIALISTS INC. |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Fort Erie |
| Lot Size: | 300.83 x 233.60(Feet) |
| Approximate Age: | 31-50 |
| Tax: | $17,356 |
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