292 Mary Street Niagara-On-The-Lake, Ontario L0S 1J0

$2,350,000

Prime Commercial Development Opportunity! THREE exceptional properties available for commercial investors: Consider the following potential uses: a Boutique Hotel to cater to the tourist traffic, a mixed-use building that combines commercial spaces on the ground floor, with residential units on the upper floors, Condominiums or Townhouses: Develop residential properties to meet the housing needs of the area or possibly even a Senior Living Community to provide housing and care services for the elderly population. In the meantime, enjoy THREE great homes on the property: 292 Mary Street, 314 Mary Street, and 475 Butler Street, all being sold together to create an approximately 22,000 square foot area and a 120’ x 180’ lot when combined. 292 Mary Street: solid bungalow (commercial zoning) with a separate basement entrance and delightful private landscaped backyard. Perfect for commercial or upscale multi-residential or commercial development. 314 Mary Street: Adorable 2-bedroom cottage also with commercial zoning, nestled at the corner of Butler and Mary. 475 Butler is a great two bed home with garage and currently zoned residential with a potential zoning change in the proposed town plan. Conveniently located near amenities, shops, and wineries, this property offers excellent potential for businesses seeking high visibility and if purchased together with the other two properties makes for an approximately 120’ x 180’ lot. The commercial zoning and upcoming changes provide opportunities for various ventures. Niagara on the Lake's rich history, natural beauty, and world-class wineries attract visitors year-round, offering a promising market for commercial enterprises. Seize this opportunity to make your mark in this sought-after location. (id:54464)

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https://www.realtor.ca/real-estate/25789725/292-mary-street-niagara-on-the-lake