| Message Number | 412786 | ||||||||
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| status | Active | ||||||||
| Subject Line | 122 Units Multi-Residential Asset Coverted From a Hotel In Niagara Falls | ||||||||
| Business area |
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| Have/Want | Have | ||||||||
| Business category | Commercial Buildings/Hotels/Motels | ||||||||
| Date of Listing | February 3 2023 | ||||||||
| Price | $27,000,000.00 | ||||||||
| Comments | Rare Opportunity to Acquire 122-Key Multi-Residential Asset in Tightly Held Niagara Falls.
Good Income Profile with Strong Upside Potential and Tourist Commercial Zoning 122 unit, 5 storey plus 2 storey multi residential conversion from a hotel property with a separate restaurant building, currently vacant, that sits on an approx. 3.1 acre site with the potential for expansion. The Property has recently been updated, with all main floor common areas renovated, new flooring, paint and interior lighting. . The Property offers a good complement of suites and desirable amenities, such as the lobby area, indoor pool, ample parking, and nearby shopping. Potential for expansion. With the right buyer, there is a potential opportunity to expand the site to the south, which is in the process of being rezoned for high density. Future development of the approx. 20 acres surrounding land will transform the immediate area. Features: 122 units 5 storey and 2 storey building with restaurant 196 Parking spaces 3.1 acres approximately Multifamily conversion from a hotel Tourist Commercial zoning Onsite Indoor Pool No. Units 122 Total Acres 3.1 No. Parking spaces 196 No. Bachelor Units 114 No. 1 bedroom units 8 |
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| Internet Links | |||||||||
| Member Identifier | 11575 | ||||||||
| Name | Frank Wang | ||||||||
| Title | Sales Representative | ||||||||
| Company Name | Homelife Landmark Realty Inc. Brokerage | ||||||||
| Address Line One | 7240 Woodbine Ave, Suite 103, | ||||||||
| City | Markham | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | L3R 1A4 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (905)305-1600 | ||||||||
| Cell Number | 4168908616 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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