122 RIDGEWAY ROAD

$2,999,990

Crystal Beach, Fort Erie, Ontario

  • 21 baths
Business · BusinessType
Baseboard heaters, Forced air, Natural gasHeating
Fully air conditionedCooling
149Days on market

About this property

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. (id:66327)

Property details

Interior

Bathrooms
21
Appliances
Dishwasher, Oven, Dryer, Microwave, Hood Fan, Window Coverings, Two Washers

Exterior & parking

Architectural style
[]
Lot size
1.6

Building & HOA

Heating
Baseboard heaters, Forced air, Natural gas
Cooling
Fully air conditioned

Financial & legal

List price
$2,999,990
Annual taxes
$17,230
Status
Active
MLS® number
X12965298

Location

City
Fort Erie
Neighbourhood
Crystal Beach
Province
Ontario
Postal code
L0S1B0
Directions
Cross Streets: RODGEWAY RD/REBSTOCK RD. ** Directions: TAKE GORHAM RD SOUTH OF HWY 3.

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Listing data provided under the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed. REALTOR®, MLS® and associated logos are owned by The Canadian Real Estate Association (CREA).