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The Region of Niagara is comprised of twelve municipalities in Southern Ontario. Each municipality represents a unique combination of agricultural, commercial, industrial, multi-residential and hospitality opportunities. Over the next few months we will be presenting a snapshot of significant areas within the Niagara Region. Today, I will examine the market snapshot of the Town of Fort Erie.
Fort Erie is the gateway for Niagara, providing access to the GTA and markets in the Eastern United States. As the fourth largest municipality in the region, the town has an emphasis on business and there is a strong potential for commercial sector businesses to grow. It's close proximity to urban markets, access to different modes of transportation, and multiple industrial and commercial opportunities, make Fort Erie a prime location for businesses in the area.
A prime location in the area
While the municipalities in the Niagara Region offer a strategic advantage for business, none are more advantageous than the Town of Fort Erie. Located across from Buffalo, N.Y., in the southern region of the Niagara Peninsula. It is bordered by the municipalities of Niagara Falls and Port Colborne, with the Niagara River and Lake Erie to the east and south, respectively.
Multiple transport modes
Given its close proximity to Lake Erie and the Niagara River, Fort Erie is served by most modes of transportation. The QEW bisects the town and provides direct links to major urban centres in Ontario and to the 400 Highway series. The town is also serviced by Highway 3, which provides easy access to the City of Hamilton. The Town of Fort Erie has more than $55 million in infrastructure improvements scheduled and completed, including the Garrison Road reconstruction. The Canadian National Railway and the Penn Central Railway provide connections to Ontario and New York State destinations. The town is also home to the Peace Bridge, North America's second busiest international land border crossing and is within a short drive of the Rainbow Bridge in Niagara Falls and the Queenston/Lewiston bridge.
A large potential for industrial and commercial development
Whether you’re looking to move into an established building or develop land, there are multiple opportunities in the commercial and industrial sector in Fort Erie. In addition to an availability of buildings zoned for industrial/commercial, there are a number of brownfield and greenfield sites ready for industrial and commercial development. Industrial development is primarily situated in the northeast area of the town. The town has developed an industrial park at the QEW and Petit Road interchange, which is comprised of 45 acres of serviced land. The majority of the land in the industrial park is zoned as prestige industrial, although there has been a rise of light industrial activities in the town as a whole.
Connect with a Niagara real estate appraiser if you are looking for more information regarding the commercial and industrial development possibilities in the Town of Fort Erie. Looking to invest in Niagara? Click here learn more about some of the other municipalities in the Niagara Region: Niagara Falls, St. Catharines, and Thorold.
