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Niagara Falls, ON L2G 3E3,5544 Mcleod RD
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Niagara Falls, ON L2G 3E3,5544 Mcleod RD
Niagara Falls, ON L2G 3E3,5544 Mcleod RD
Niagara Falls, ON L2G 3E3,5544 Mcleod RD
Niagara Falls, ON L2G 3E3,5544 Mcleod RD
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 6,975,000
Est. payment /mo
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5544 Mcleod RD Niagara Falls, ON L2G 3E3

9,075 SqFt

UPDATED:

10/19/2024 03:35 PM

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 9,075 sqft

Price per Sqft $768

MLS Listing ID X8060196

Annual Tax Amount $42,285

Tax Year 2023

Property Description

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.

Location

Province ON

County Niagara

Community Public Transit

Interior

Heating Yes

Cooling No

Exterior

Garage Spaces 23.0

Community Features Public Transit

Utilities Available Yes

Building

Lot Description Irregular Lot

Others

Security Features No

Listed by HARVEY KALLES REAL ESTATE LTD.
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5544 Mcleod RD