Matthew Tenk
Broker of Record
5544 Mcleod Road Niagara Falls, Ontario L2G 3E3
$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:39551)
Business
| Business Type | Accommodation |
| Business Sub Type | Motel |
Property Details
| MLS® Number | X8060196 |
| Property Type | Business |
| Amenities Near By | Public Transit |
| Parking Space Total | 23 |
Building
| Fireplace Present | No |
| Heating Type | Baseboard Heaters |
| Size Interior | 9075 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Size Depth | 207 Ft ,9 In |
| Size Frontage | 297 Ft ,4 In |
| Size Irregular | 297.41 X 207.8 Ft ; Irregular -two Parcels |
| Size Total Text | 297.41 X 207.8 Ft ; Irregular -two Parcels |
| Zoning Description | Tourist Commercial |
https://www.realtor.ca/real-estate/26503155/5544-mcleod-road-niagara-falls
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Toronto Real Estate Board
Harvey Kalles Real Estate Ltd.
October 21 2024 12:22:36
