271 Merritt Street
456 - Oakdale
St. Catharines
L2T 1K1
$17,999,000
Commercial Sale
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 40763672
- Photos (50)
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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
- Property Type:
- Commercial Sale
- Property SubType:
- Mixed, Building and Land
- Listing General Location:
- 456 - Oakdale, St. Catharines
- Bedrooms:
- 0
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 4.46 acre(s)1.81 hectare(s)
- Lot Details:
- 205.79 x
- Lot Frontage:
- 205'9½"62.7 m
- Kitchens:
- 0
- County Or Parish:
- Niagara
- Taxes:
- Signup
- Features:
- Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
- Basement:
- Full
- Number of Storeys:
- 3
- Total Floor Area:
- 1.36 acre(s)0.55 hectare(s)
- Fireplace:
- false
- Water Supply:
- Municipal
- Sewer:
- Sewer (Municipal)
- false
- No
- Located at the northeast corner of Glendale Avenue and Merritt Street
- No
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Association Fee 2:
- Signup
- Association Fee 2 Frequency:
- Signup
- Administrative Fee:
- Signup
- Features:
- Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
- Road Access Fee:
- Signup
- Zoning:
- M1 - Medium Density Mixed Use
- Total Acres:
- 4.461
- Lot Site Features:
- Irregular Lot, Ample Parking, High Traffic Area, Highway Access, Major Anchor, Visual Exposure
- Features:
- Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
- # Of Total Parking Spaces:
- 319.0
- # Commercial Doors:
- 0
- Num Apartment Units:
- 0
- Num Bachelor Units:
- 0
- Num Efficiency Units:
- 0
- Num Loft Units:
- 0
- Num Other Units:
- 0
- Num Penthouse Units:
- 0
- Num Studio Units:
- 0
- Total Units:
- Signup
- Listed Date:
- Aug 28, 2025
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Listed by Corcoran Horizon Realty
Data was last updated September 7, 2025 at 05:50 PM (UTC)
- MARK MAGA
- ROYAL LEPAGE STATE REALTY INC.
- 1 (905) 6166821
- Contact by Email
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