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5544 Mcleod Road Niagara Falls, Ontario L2G 3E3

9075 sqft
Baseboard Heaters

$6,975,000

Harvey Kalles Real Estate Ltd., Brokerage & High Point Realty Limited are pleased to present a prominent gateway motel property with future mid-to-high density residential development potential. Located in the Tourist Core of Niagara Falls at the corner of Stanley Ave & McLeod Rd, between Marineland and the hotel-entertainment core, the existing non-operating 2 storey motel, in need of rejuvenation, contains 23 motel units and has a 3-bedroom office/residence. In-place zoning permits a range of Tourist Commercial Uses. A mixed-use development concept by Zeidler Partnership Architects for 245 res units/22 floors with podium retail commercial has been presented to the City. The site provides a unique opportunity to pursue a mid-rise or high-rise rezoning for greater heights or to restore/expand the existing model. As is where is sale. Parcels can be purchased separately (Motel Parcel: $4,975,000 / Vacant Land Parcel: $2,000,000) conditional upon Muncipal Technical Severance Consent. Property being sold in an As is Where Is Condition. **** EXTRAS **** 1.5+/- acres site consists of 2 land parcels.Survey, Geotech, Phase 1, 2 & Record of Site Condition reports are avail.HST is in addition to list price & sole responsibility & expense of the Buyer.Property Tax amt subject to confirmation. (id:58770)

Business

BusinessType Accommodation
BusinessSubType Motel

Property Details

MLS® Number X8060196
Property Type Business
AmenitiesNearBy Public Transit
ParkingSpaceTotal 23

Building

HeatingType Baseboard Heaters
SizeInterior 9075 Sqft
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit
SizeDepth 207 Ft ,9 In
SizeFrontage 297 Ft ,4 In
SizeIrregular 297.41 X 207.8 Ft ; Irregular -two Parcels
SizeTotalText 297.41 X 207.8 Ft ; Irregular -two Parcels
ZoningDescription Tourist Commercial

https://www.realtor.ca/real-estate/26503155/5544-mcleod-road-niagara-falls

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Paul Azzarello
Salesperson


Harvey Kalles Real Estate Ltd.
2145 Avenue Road
Toronto, Ontario M5M 4B2

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