$1,888,000
Fort Erie
#1 111 Niagara Boulevard, Fort Erie (Central), Ontario, L2A3G3
This retail property in Fort Erie is for sale offering roughly 1,600 sq ft of space. It has been on the market 62 days, fresher than the Fort Erie average of 100 days.
An exceptional opportunity in one of Fort Erie's most recognizable waterfront corridors. This fully improved, three-level mixed-use commercial property offers nearly 3,500 sq. ft. of finished space and exceptional flexibility for an investor or owner-operator. The main level is a fully equipped commercial space ideally suited for a café, cocktail lounge, wine bar, dessert concept, or hybrid food-and-beverage destination. Features include a kitchenette, bar area, wine cellar, patio seating, exterior service window ideal for ice cream, coffee and seasonal grab-and-go sales, and two 2-piece bathrooms. Liquor licence is transferable and the turn key business known as "Sophia's Cocktail Lounge" along with the chattels, are included with the sale. The second and third levels feature a spacious three-bedroom, two-bathroom apartment, providing additional income potential or an excellent owner's residence. The apartment also features an impressive 560 sq. ft. rooftop terrace and exceptional views of the waterfront. The property is equipped with a monitored security system and offers plenty of parking on the gated property next door, secured through a fully paid 49-year land lease. Ideally positioned near the Niagara River and Peace Bridge, the property benefits from consistent local, tourist and cross-border traffic. A rare opportunity to acquire a versatile, ready-to-operate commercial property with multiple potential revenue streams and minimal startup requirements. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 62 days on market, against an average age of 100 days across the listings currently for sale in this city
Homes here sell slower than most markets
Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.
This retail in Fort Erie (Central) has been listed for 62 days, which is 38 days fresher than the city average of 100. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,888,000, about 26.0× the local median household income of $72,500.
Carrying it typically needs a household income of about $368,792 (20% down, 25-yr amortization, stress-tested) — roughly 409% above the area median.
Source: Statistics Canada, 2021 Census (FSA L2A)
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