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Benefits
Sq. Ft. Rate
$1
Lease Rate
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Space Size
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Year Built
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Premise Summary
Introducing a rare development opportunity in one of Canada's most prestigious communities. Located at 223-227 Mary Street, this 1.026-acre site is zoned with site-specific multi-residential zoning in place for a 41-unit, 4-storey apartment building making it an opportunity for developers and investors seeking a position in this historic town. Ideally situated just a short walk from Niagara-on-the-Lake's vibrant Old Town, this property offers the perfect balance of small-town charm and development potential. The groundwork is laid for a striking, thoughtfully designed residential building that caters to strong demand for luxury rentals or condominiums in the area. Walking distance to shops, restaurants, wineries, and the Shaw Festival. Municipal services available on site. High-demand market with limited future development supply. Whether you're a seasoned builder or a forward-thinking investor, this is a rare chance to shape the future of Niagara-on-the-Lakes residential landscape. Opportunities of this scale, readiness, and location are exceedingly limited. Development site in Old Town. (id:39198)
Location
Province
Ontario
City
Niagara On The Lake
Address
Mary
Postal Code
L0S1J0
Location Highlights
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Listed by
ROYAL LEPAGE NRC REALTY Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Space Size
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Available Space
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Building Size
0
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Sq. Ft. Rate
$1
Asking Price
$1
Rate/yr
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Floor of Lease
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
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Market Competition
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