271 Merritt Street, St. Catharines, ON L2T 1K1, St. Catharines, ON
59379.0 sqft
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 Highlights
For Sale
MLS NO.
X12369475
Type
Commercial
Sub Type
Investment
Square Footage
59379.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12369475
Security Features
Yes
Lot Width
440.26
Lot Size
4.461
Lot Size Units
Acres
Garage Type
Underground
Cooling
Yes
Heat Type
Other
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
271 Merritt Street, St. Catharines, ON L2T 1K1
City
St. Catharines
Neighbourhood
456 - Oakdale
County / Region
Niagara
Province / State
ON
Postal Code
L2T 1K1
Cross Street
Glendale Avenue
Directions
Located at the northeast corner of Glendale Avenue and Merritt Street
Country
CA
List Price
$17,999,000
Annual Taxes
$258,447
Tax Year
2024
Possession Type
Flexible
Possession Details
Flexible
Listing Office
Corcoran Horizon Realty
Board
Oakville, Milton & District Real Estate Board
Original Entry
2025-08-29T00:18:25Z
Media Updated
2025-08-29T00:18:26Z
Photos Updated
2025-08-29T00:18:26Z
Last Modified
2025-09-02T02:36:59Z
System Modified
2025-10-21T23:31:03.682164Z
MLS Status
New
Basement Yn
Yes
Ddfyn
Yes
Expiration Date
2026-01-30
Heat Type Multi
Other
Hstapplication
In Addition To
Occupant Type
Owner+Tenant
Originating System Id
A00001796
Parking Spaces
319
Public Remarks
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.
