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5544 Mcleod Road Niagara Falls, Ontario L2G 3E3

9075 sqft
Baseboard Heaters

$12,675,000

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. **** 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:58332)

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
SizeIrregular 297.41 X 207.8 Ft ; Irregular -two Parcels
SizeTotalText 297.41 X 207.8 Ft ; Irregular -two Parcels

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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