$6,975,000
FOR SALE

Investment

Lot: 297.41 x 207.8 ftTotal Area: 9,075 ft2
2023 Taxes: $42,285.37

5544 Mcleod Rd
Niagara Falls, ON L2G 3E3 | Niagara

Harvey Kalles Real Estate Ltd., Brokerage & High Point Realty Limited are pleased to present a prominent gateway motel property with 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.
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.
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Listed By HARVEY KALLES REAL ESTATE LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8060196
Last Updated Aug 22, 2024
Property Summary
Property Type Investment

More like this:
Use Hotel/Motel/Inn
Category Accommodation
PIN 643760103
Legal Description Pt Lot 1 Pl4 Stamford Pt 2, 59R5391, Niagara Falls
Occupancy Owner
Taxes (2023) $42,285.37
Tax Type Annual
Directions/Cross Streets Stanley & Marine Land Parkway
Area Niagara
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Freestanding Y
Lot 297.41 x 207.8 ft
Lot Irregularities Irregular -Two Parcels
Retail Area 7,475 ft2
Office/Apt Area 1,600 ft2
Total Area 9,075 ft2
Approximate Age 51-99
Elevator None
Air Conditioning N
Basement Y
Chattels N
Garage Type None
Parking Spaces 23
Heat Type Baseboard
Financial Statement N
% Building 100
Outside Storage N
Area Influences Public Transit
Soil Test Y
Sprinklers N
Sewers San+Storm
Utilities Y
Water Municipal
Crane N
Rail N
Survey Y
Lot/Bldg/Unit Code Lot
Zoning Tourist Commercial
Seller Property Info Statement N

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