$2,999,990
Available - For Sale
Listing ID: X12965298
122 Ridgeway Road , Fort Erie, L0S 1B0, Niagara
| Positioned on an expansive corner lot of nearly 2 acres, the Crystal Beach Motel presents a rare and versatile investment opportunity in the growing Fort Erie area. This well-established property features 20 guest rooms, each with its own washroom, with many units thoughtfully updated to meet modern standards.The property includes a detached garage, dedicated office and a comfortable one-bedroom manager's apartment complete with a four-piece bathroom, offering convenient on-site living. Guests and visitors benefit from approximately 23 parking spaces and a welcoming outdoor fire pit area with seating-perfect for relaxation and social gatherings. Currently operating as a motel under legal non-conforming commercial use, the property is now zoned Residential Multiple, opening the door to a wide variety of permitted uses and future redevelopment potential (subject to approval by the Town of Fort Erie).Ideally located just minutes from the vibrant shores of Crystal Beach and the historic, lively community of Ridgeway, this site is surrounded by ongoing and proposed developments, further enhancing its long-term value.Buyers are responsible for conducting their own due diligence regarding zoning, planning, and development requirements. This is truly a prime opportunity for developers, investors, or entrepreneurs looking to capitalize on a high-potential property in a rapidly evolving area. |
| Price | $2,999,990 |
| Taxes: | $16302.56 |
| Tax Type: | Annual |
| Occupancy: | Owner |
| Address: | 122 Ridgeway Road , Fort Erie, L0S 1B0, Niagara |
| Postal Code: | L0S 1B0 |
| Province/State: | Niagara |
| Legal Description: | LTS 7,8,8,34,35 AND 36 PL 548; PT LT 24 |
| Directions/Cross Streets: | RODGEWAY RD/REBSTOCK RD |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Accommodation |
| Use: | Hotel/Motel/Inn |
| Building Percentage: | T |
| Total Area: | 69900.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 10 |
| Office/Appartment Area Code: | % |
| Financial Statement: | F |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Washrooms: | 21 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX HALLMARK REALTY LTD. |
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Aneta Andrews
Broker
Dir:
416-576-5339
Bus:
905-278-3500
Fax:
1-888-407-8605
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Fort Erie |
| Neighbourhood: | 337 - Crystal Beach |
| Tax: | $16,302.56 |
| Baths: | 21 |
| Fireplace: | N |
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