Prime Development Opportunity Four Blocks from Downtown. Discover a rare offering in the heart of the city, just four blocks away from Queen Street and downtown. This expansive 1.25-acre property, available for the first time since its acquisition and renovation in 1959, presents immense potential for visionary developers. Boasting two parcels of land, including a duplex and a detached heated 3-car garage, the site is ideally suited for a range of development options. With its zoning allowing for potential, commercial and single-family lots or townhome development, this property promises significant returns in a rapidly growing market. The current owner is open to remaining as a tenant, facilitating a smooth transition and offering potential income during the development process. Additionally, all three buildings on the site are available for lease, further enhancing flexibility for interested parties. Don’t miss out on this unparalleled opportunity to shape the future landscape of this vibrant community. Whether you’re looking to capitalize on the burgeoning demand for residential properties or seeking to create a landmark development, this property is poised to fulfill your vision. Schedule your viewing today and explore the endless possibilities awaiting at this prime downtown location.
MLS# | 40607663 |
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Listing Type | For Sale |
Style | House |
Sub-Type | Resale |
Status | Active |
Days On Site | 108 |
Listing Provided By | REVEL Realty Inc., Brokerage | Ryan Serravalle |
Bed(s) | 4 |
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Bath(s) | 4 Total |
SQ Feet | 5,351 |
Garage | 4 |
Basement | Y |
Zoning | R1, C1 |
Acreage | 1.23 |
Province | ON |
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County | Niagara |
City | Niagara-on-the-Lake |
Postal Code | L0S 1J0 |
Area | Niagara on the Lake |
Subarea | 101 Town |
Community Name | 101 Town |
Listing VS Median (in 101 Town) | |
Price: $5,800,000 low | high Med: $1,399,000 SqFt: 5,351 low | high Med: 1,350 $ / SqFt: $1,084 low | high Med: $1,036 On Site: 108 low | high Med: 480.000000 |