122 Ridgeway Road Fort Erie, Ontario L0S 1B0

21 Bathroom 69,900 ft2
Fully Air Conditioned Baseboard Heaters, Forced Air

$2,999,990

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:39551)

Business

Business Type Accommodation
Business Sub Type Motel

Property Details

MLS® Number X12965298
Property Type Business
Community Name 337 - Crystal Beach

Building

Bathroom Total 21
Appliances Dishwasher, Dryer, Microwave, Oven, Hood Fan, Two Washers, Window Coverings
Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Baseboard Heaters, Forced Air
Size Interior 69,900 Ft2
Utility Water Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 233 Ft
Size Frontage 300 Ft
Size Irregular 300 X 233 Ft ; Irregular
Size Total Text 300 X 233 Ft ; Irregular
Zoning Description Rmi-682/c3-legal Non Conforming

https://www.realtor.ca/real-estate/29565790/122-ridgeway-road-fort-erie-crystal-beach-337-crystal-beach

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