About 5544 Mcleod Road
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.
Features of 5544 Mcleod Road
| MLS® # | X8060196 |
|---|---|
| Price | $6,975,000 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 5544 Mcleod Road |
|---|---|
| Area | Niagara |
| City | Niagara Falls |
| Province | ON |
| Postal Code | L2G 3E3 |
Amenities
| Features | 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. |
|---|---|
| Parking Spaces | 23 |
| # of Garages | 0.00 |
| Garages | None |
| Is Waterfront | No |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | No |
| Fireplace | No |
Additional Information
| Date Last Updated | December 7th, 2024 |
|---|
Listing Details
| Office | HARVEY KALLES REAL ESTATE LTD. |
|---|