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$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: $17,356
Tax Type: Annual
Occupancy by: Owner
Address: 122 Ridgeway Rd , Fort Erie, L0S 1B0, Ontario
Postal Code: L0S 1B0
Province/State: Ontario
Lot Size: 300.83 x 233.6 (Feet)
Directions/Cross Streets: Ridgeway/Brewster Road
Zoning: Commercial
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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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX REALTY SPECIALISTS INC.

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