2 Separately Deeded Yet Attached Properties At Queen & Simcoe For Sale

$15,000,000

For Sale: Hospitality in Niagara-on-the-Lake, ON

Raiana Schwenker

Realtor

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Listing Details

Description

228 Queen Street is a landmark property & iconic residence situated in a most impressive location in Old Town Niagara on the Lake. Overlooking the golf course with views of the lake, spanning from Mississauga Road & the main entryway into the heritage commercial core of Queen Street all the way to Simcoe Street - providing almost 420 ft of frontage on beautiful Queen Street. Old Town NOTL welcomes over 3.5 million visitors each year, and local tourism is growing rapidly. There are two separately deeded yet attached properties at Queen & Simcoe which are all included as a packaged Estate. These properties all have obtained commercial zoning, allowing for boutique hotels. Current permitted use as a residence. This ensures superior future value and flexibility. Current approvals allow for a 24 room hotel, 6000 sq ft restaurants, and spas - plans are available that depict how the current residence would transition to accommodate in a straightforward manner. There is potential to increase the number of rooms significantly by developing the property further with appropriate setbacks. While currently laid out as a residence (10 bedrooms and 10 + baths) the home was reconstructed with future hotel plans and capacity in mind. The infrastructure implemented is extensive, from poured concrete and in-floor heat throughout all levels, indoor sprinkler systems, smart home systems, soundproofing within and from the exterior, 7 heating and cooling HRV systems providing the ability to independently heat and cool different rooms/zones within the building. The electrical system is operated by a Control 4 computerized smart home program and is fully automatic and programmable. This also allows for operating the electric drapes, lighting, heating and cooling systems as well as speakers throughout the house for sound & intercom. This estate is the crown jewel of Old Town, with a location that simply cannot be beaten and must be seen to be appreciated. Please see res listing

Location & nearby

This listing is located in Niagara-on-the-Lake, ON L0S 1J0

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