SUITE 101 - 3823 TERRACE LANE, Fort Erie (Crystal Beach)

$25/sqft

For rent: Other

Other at SUITE 101 - 3823 TERRACE LANE, Fort Erie (Crystal Beach)
Property type
Commercial Retail
Bedrooms / bathrooms
3 bathrooms
MLS®
MLS® X13503818
Neighbourhood
337 - Crystal Beach

We are pleased to introduce The Restaurant at The Palmwood. Designed by renowned architect Michael Allan, The Palmwood is located on the shores of Lake Erie in historic Crystal Beach. The restaurant occupies the ground floor and terrace patio with seven luxury apartments on the upper levels of this contemporary redevelopment of one of Crystal Beach's iconic locations. Envisioned is a high-end, year-round hospitality destination. Available is a 6027 SQ FT (2995 sq ft Indoor dining and bar with seating for 90 patrons plus 1771 sq ft patio with seating for 60; 934 sq ft allocated kitchen space, plus 3 washrooms). There are 45 designated parking spaces with over-flow public parking nearby. Completed infrastructure incudes Coffered Ceilings, 2-sided Gas Fireplace, Patio Heating and Cooling "Curtains", Automatic Patio Screens, Speakers, Slate Tile Flooring, Finished Bathrooms, Kitchen Ventilation and Sprinkler System. Crystal Beach is home to both full-time as well as seasonal residents and is also a popular holiday destination; The Restaurant at The Palmwood presents an opportunity to fill a void in the culinary landscape providing year-round hospitality options to Local, GTA, and Cross-Border patrons. The lease will include seasonal lease rates for the patio and build-out provision

Sold data

Homes in Crystal Beach — recent sold market

Homes in Crystal Beach took a median of 32 days to sell over the last 365 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 74, across 111 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 89 days.

The median sale price was $524,900.

Homes sold for about 4.2% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 32% of sellers reduced their price before finding a buyer.

Median days to sell
32
Median sale price
$524,900
Sale-to-list ratio
95.8%
Sold above asking
8%

Based on 111 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Fort Erie (Crystal Beach)

Fort Erie (Crystal Beach) has 5 Fraser Institute–rated schools (4 elementary and 1 secondary), averaging 6.5/10.

Rated schools
5
Elementary
4
Secondary
1
Average rating
6.5 / 10

Top-rated schools in Fort Erie (Crystal Beach)

  • Garrison Road — elementary, Fort ErieFraser rating 7.8/10
  • St Philomena — elementary, Fort ErieFraser rating 7.3/10
  • General Vanier — elementary, Fort ErieFraser rating 6.8/10
  • Greater Fort Erie — secondary, Fort ErieFraser rating 5.5/10
  • Our Lady of Victory — elementary, Fort ErieFraser rating 5.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near SUITE 101 - 3823 TERRACE LANE