271 Merritt Street new Save Request In-Person Tour Request Virtual Tour
St. Catharines,ON L2T 1K1
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 59,379 sqft
Price per Sqft $303
MLS Listing ID 40763672
Abv Grd Liv Area 59,379
Annual Tax Amount $258,446
Lot Size 4.461 Acres
Acres 4.461
Property Sub-Type Mixed,Building and Land
Source Cornerstone
Property Description
This is a rare chance to acquire one of Niagara's most iconic and versatile income-producing properties. Steeped in history yet fully modernized, this stunning ~60,000 sq ft commercial complex offers a dynamic blend of revenue streams across hospitality, retail, professional offices, and event space. Anchored by a thriving boutique hotel and established hospitality venues, the property delivers stable, long-term tenancy and consistent returns.
Set on nearly 4.5 acres at the high-traffic corner of Glendale Avenue and Merritt Street, the site impresses with over 300 parking spaces, manicured landscaping, and outstanding curb appeal. The building's remarkable adaptive reuse showcases timeless architecture alongside exceptional functionality — from hotel suites and a grand ballroom to restaurant, retail, and office uses. The result is a one-of-a-kind landmark commercial destination and a cornerstone investment.
For those seeking growth, the property comes with site plan approval for a 5-storey, 170,000+ sq ft expansion, with infrastructure already in place to support the build-out on top of the existing structure to the north of the hotel. This presents extraordinary upside above the pro forma 6%+ cap rate, whether for a hands-on investor looking to add value or a portfolio owner seeking a flagship asset with future development capacity.
The location is second to none — in the heart of a thriving commercial corridor surrounded by RBC, Sobeys, Canadian Tire, The Keg and more. Situated next door to the new Merritton Mills development, the site benefits from strong built-in demand and an expanding customer base. Only 500 metres to Highway 406 and minutes to the QEW and Highway 405, the property offers effortless connectivity across Niagara, Hamilton, and the Greater Toronto Area.
This is a truly exceptional opportunity; whether as a generational cornerstone for an active investor or as a marquee addition to an established portfolio. NOTE: Sale is for real property only
Location
Province ON
County Niagara
Area St. Catharines
Zoning M1 - Medium Density Mixed Use
Direction Located at the northeast corner of Glendale Avenue and Merritt Street
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 205.79
Garage No
Building
Lot Description Irregular Lot,Ample Parking,High Traffic Area,Highway Access,Major Anchor,Visual Exposure
Faces Located at the northeast corner of Glendale Avenue and Merritt Street
Story 3
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 463380611
Ownership Freehold/None