For Sale

271 Merritt Street, St. Catharines, Ontario L2T 1K1

$0

271 Merritt Street, St. Catharines, Ontario L2T 1K1 is For Sale and has a listing price of 17,999,000. The property is located in the Merritton neighbourhood . It's been on the website for 24 Days.

  • Investment
    Property Type
  • MLS ID: X12369475
  • Office Name Corcoran Horizon Realty
Property Description

This is a rare chance to acquire one of Niagaras 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 buildings 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.

Property Details
  • MLS ID: X12369475
  • Price: $17,999,000
  • Lot Depth: 305
  • Transaction Types: For Sale
  • Ref ID: X12369475
  • Year Built: N/A
  • Dir / Cross St: Glendale Avenue
  • Status: Active
  • Tax Year: 2024
  • Property Type: Investment
  • Property Type: Commercial
Price History
List Date MLS ID List Price Status End Date Closed Price
08/29/2025 X12369475 $17,999,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Merritton
  • $697,896 Average List Price
    based on 1 year
  • 75 New Listings
    based on 30 days
  • 15 Median Days on Market
    based on 1 year
  • List vs. Selling Price 2.7 % Up
  • Sold (12mo) 88
  • Rented (12mo) 25

  • 1 Month Change +7.6%
  • 3 Month Change -27.6%
  • 6 Month Change -13.8%
Walkscore
Additional Details
  • Heat Type Other
  • Garage Type Underground
  • Parking Spaces: 319
  • Taxes: $258,447
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: Flexible
  • Listing Entry Date: 29/08/2025 00:18:25
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