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271 Merritt Street
456 - Oakdale Niagara L2T 1K1

$17,999,000 /For Sale
Commercial

Main Photo: 271 Merritt Street in Niagara: 456 - Oakdale Commercial for sale (St. Catharines)  : MLS®# X12369475
Photo 1: 271 Merritt Street in Niagara: 456 - Oakdale Commercial for sale (St. Catharines)  : MLS®# X12369475
Photo 2: 271 Merritt Street in Niagara: 456 - Oakdale Commercial for sale (St. Catharines)  : MLS®# X12369475
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Photo 50: 271 Merritt Street in Niagara: 456 - Oakdale Commercial for sale (St. Catharines)  : MLS®# X12369475
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12369475
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 Royal Bank, Sobeys, Canadian Tire, The Keg, the LCBO, 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.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
59379 sq. ft. Square Feet
Total Area:
1.36 acre(s)
Depth:
305'
Frontage:
440'3⅛"
Lot Shape:
Irregular
Water supply:
Municipal
Zoning:
M1 - Medium Density Mixed Use
Heating type:
Other
Garage:
Underground
Parking Spaces:
319
Possession Details:
Flexible
HST Applicable To Sale Price:
In Addition To
Type Taxes:
Annual
Taxes:
$258,446.85 / 2024
Assessment:
$- / -
St. Catharines
456 - Oakdale
Niagara
Major Highway
Yes
Public
Utilities:
Yes
Energy Certification:
No
Green Property Information Statement:
No
Air Conditioning:
Yes
Seller Property Info Statement:
No
Category:
Retail
Date Listed:
Aug 29, 2025
Original Price:
Previous Price:
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Listed by Corcoran Horizon Realty
Data was last updated August 29, 2025 at 04:15 PM (UTC)
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