$17,999,000

271 Merritt Street, St. Catharines, ON L2T 1K1

456 - Oakdale, St. Catharines,

| | 319  | 59,379 平方英尺 |

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This is a rare chance to acquire one of Niagaras most iconic and versatile income-producing properties. Steeped in history yet fully modernized, this stunning ~60,000 sq ft commercial complex offers a dynamic blend of revenue streams across hospitality, retail, professional offices, and event space. Anchored by a thriving boutique hotel and established hospitality venues, the property delivers stable, long-term tenancy and consistent returns.Set on nearly 4.5 acres at the high-traffic corner of Glendale Avenue and Merritt Street, the site impresses with over 300 parking spaces, manicured landscaping, and outstanding curb appeal. The buildings remarkable adaptive reuse showcases timeless architecture alongside exceptional functionality from hotel suites and a grand ballroom to restaurant, retail, and office uses. The result is a one-of-a-kind landmark commercial destination and a cornerstone investment.For those seeking growth, the property comes with site plan approval for a 5-storey, 170,000+ sq ft expansion, with infrastructure already in place to support the build-out on top of the existing structure to the north of the hotel. This presents extraordinary upside above the pro forma 6%+ cap rate, whether for a hands-on investor looking to add value or a portfolio owner seeking a flagship asset with future development capacity.The location is second to none in the heart of a thriving commercial corridor surrounded by RBC Royal Bank, Sobeys, Canadian Tire, The Keg, the LCBO, and more. Situated next door to the new Merritton Mills development, the site benefits from strong built-in demand and an expanding customer base. Only 500 metres to Highway 406 and minutes to the QEW and Highway 405, the property offers effortless connectivity across Niagara, Hamilton, and the Greater Toronto Area.This is a truly exceptional opportunity whether as a generational cornerstone for an active investor or as a marquee addition to an established portfolio.

翻译

房屋信息
MLS®: X12369475
上盘公司 Corcoran Horizon Realty
室内面积 59379 平方英尺
土地面积 134279 平方英尺
最后更新 2025-08-29
物业属性 商业
挂盘价格 $17,999,000
单位价格 $303/平方英尺
地税额度 $258,447/年
更多信息
车位总数 319
供水方式 Municipal
详细描述
    位置和一般信息
  • HoldoverDays: 30
  • 房屋种类: Commercial
  • 房屋子类: Investment
  • GarageType: Underground
  • 路线: Located at the northeast corner of Glendale Avenue and Merritt Street
  • 税收和 HOA 信息
  • 纳税年度: 2024
  • 停车
  • ParkingSpaces: 319
内部和外部特点
    内部特点
  • Cooling: Yes
  • HeatType: Other
  • 外部特点
房屋
    公共服务
    地产及评估
  • 建筑面积 (总): 59379
  • 建筑面积单位: Square Feet
  • 地块信息
  • LotSizeUnits: Feet
  • LotDepth: 305
  • LotWidth: 440.26
  • Others
销售历史
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