$17,999,000

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

456 - Oakdale, St. Catharines,

| | 319  | 59,379 sq.ft. |

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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.

Property Info
MLS®: X12369475
Listing Courtesy of Corcoran Horizon Realty
Floor Space 59379 sq.ft.
Lot Size 134279 sq.ft.
Last Updated 2025-08-29
Property Type Commerece
Listed Price $17,999,000
Unit Pricing $303/sq.ft.
Tax Estimate $258,447/Year
More Details
Parking Total 319
Water Supply Municipal
Summary
    Location and General Information
  • HoldoverDays: 30
  • Property Type: Commercial
  • Property Sub Type: Investment
  • GarageType: Underground
  • Directions: Located at the northeast corner of Glendale Avenue and Merritt Street
  • Taxes and HOA Information
  • Tax Year: 2024
  • Parking
  • ParkingSpaces: 319
Interior and Exterior Features
    Interior Features
  • Cooling: Yes
  • HeatType: Other
  • Exterior Features
Property
    Utilities
    Property and Assessments
  • Building Area Total: 59379
  • Building Area Units: Square Feet
  • Lot Information
  • LotSizeUnits: Feet
  • LotDepth: 305
  • LotWidth: 440.26
  • Others
Sold History
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