I know I’m not the only one who drives into Port Dalhousie, gazes at the Lincoln Fabrics building and thinks, “Wow, imagine what a developer could do with a property like that?”
Soon, we won’t have to imagine and wonder “What if…?” Because the old Lincoln Fabrics property at 61-63 Lakeport Road in Port Dalhousie just went up on MLS for $2!!!
What’s going on at Lincoln Fabrics?
Following the death of Lincoln Fabrics owner David Howes in January of last year, his trustees had the responsibility of liquidating his assets, including Lincoln Fabrics. The business was sold to a Quebec company in December, but the property and building, including Pier 61 restaurant, were still owned by the estate. And now, the trustees have decided to sell the holdings.
About the Lincoln Fabrics property
What a location! Positioned on Port Dalhousie’s prime waterfront, this four-storey brick and beam heritage building is full of character. With a full basement, restaurant property (with tenant!), and ample on-site parking, this is an opportunity that will have investors, developers and future owner/occupiers chomping at the bit.
My two cents
If you’ve been reading my blog for a while, you know that I have a soft spot in my heart for Port Dalhousie. And it wouldn’t surprise me one bit if this were the first project completed to really kickstart the transformation of St. Catharines’ own beach town.
And if you know me, you know I love a little excitement in a listing — and nothing is more exciting than the bravado of a two-dollar listing! With no offers being accepted until July, these guys have a real opportunity to market this property across the country — even across the globe!
The property is being touted as an ideal location for a boutique hotel and spa, but I’m sure there will be international minds thinking “condo development.” Me? I’m envisioning a property management company taking this amazing property with spectacular views and turning it into high-end, loft apartments. Picture it: 16-foot ceilings, exposed turn-of-the-century brick, old pipes in cast-iron, and tongue and groove plank floors.
No matter who ultimately takes possession of this property, it’s going to be a game changer for the Port Dalhousie landscape. Check back for updates this summer!