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$ 1,499,000

239 CREEK Road, Niagara-on-the-Lake, ON, L0S 1J0

Listing ID# 30581811
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$ 1,499,000

  • 239 CREEK Road
    Old Town Niagara-on-The-Lake, Niagara-on-the-Lake, ON L0S 1J0
  • Listing ID 30581811
  • Building Type: Multi-Family
  • Stories: 2.5
  • Space: 2600 sq ft
  • Status: For Sale/Active
  • Days on Market: 216
  • Heating: Forced air
  • Rooms: 0

Property Description

PLEASE VIEW DRONE VIDEO FOR PICTURES AND LOCATION. Excellent opportunity to develop last "Mixed Use" parcel in St. Davids Niagara-on-the-Lake. Gateway to Niagara Falls, US Border, Niagara Wine trail, booming local Residential developments. Zoned Village Commercial with 181 ft frontage on Creek Rd (also known as Four Mile Creek Road) of which 80 ft is not developed. Existing 2600 sqft Mixed Use Building is older but in good shape consisting of 2 Commercial Spaces on the first floor with separate doorways and 3 Residential 1-Bedroom loft suites and laundry coin operated washer and dryer on the 2nd floor. 11 parking spaces are assigned. 1 Commercial tenant currently renting both spaces and leaving Feb 2018. Opportunity to bring in 2 Commercial Tenants and increase rent. Ideal location for retail/ medical offices. Increase size of existing building with Side yard of 80 ft, or demolish existing building and re-develop. Perfect for mixed use stacked commercial/ residential Townhouse development. Value in location, future development and good good cash flow from tenants. Huge Demand for services in area but no supply. Old Town Niagara-on-the-Lake 8 min drive. Wayne Gretzky's New Winery 5 min drive. Call The Miller Group for an appt. 905-988-3019. 24 Hours notice please. (id:153)



Listing courtesy of MCGARR REALTY CORP, BROKERAGE


Demographics

Old Town Niagara-on-The-Lake Property Overview
90%Own 10%Rent
  • Detached 1,661
  • Low-Rise 84
  • Semi-Det. 55
  • Duplex 14
$ 437 k

Average Home Price in Old Town Niagara-on-The-Lake

43 years

Average home age in Old Town Niagara-on-The-Lake

Household Size
1,505One-family 417Non-family 27Multi-family
Household size (# people)
  • 1465
  • 2745
  • 3299
  • 4-5387
  • 6+54
Household Income in Old Town Niagara-on-The-Lake
83.9%Employed 11.3%Self-Employed 4.8%Unemployed
  • White Collar 1,510
  • Blue Collar 1,384
$ 102 k

Average income

45 years

Average age

Education
  • Certificate, diploma, degree 60,480
  • High School 20,916
  • College 15,845
  • No Certificate 15,005
  • Apprenticeship 6,377
Marital Status in Old Town Niagara-on-The-Lake
61%Married 24%Single 15%Other
Age groups
  • 0-1920%
  • 20-2911%
  • 30-4922%
  • 50+47%

Points of interest and Comparables - Old Town Niagara-on-The-Lake

$559,343*

average price

-29.14%

market trend

* - average price based on 14 comparable properties in the neighbourhood
# date listed bed/bath
1 6/21/2017 $1,499,000
2 12/18/2017 $849,000 2/2
3 6/29/2017 $988,000 2 + 2/2
4 1/5/2018 $899,000 3/2 + 1
5 12/9/2017 $1,949,000 2 + 1/2
6 12/9/2017 $1,949,000 2 + 1/2
7 1/11/2018 $1,500,000
8 11/1/2017 $1,195,000 2/2 + 1
9 11/16/2017 $789,000 3/4
10 9/26/2017 $1,149,900 5/5
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