5544 Mcleod Road, Niagara Falls, ON Image 1

$6,975,000

Last price change 13 hours ago

Investment For Sale
MLS - #X8060196
13 hours ago- By HARVEY KALLES REAL ESTATE LTD.

5544 Mcleod Road, Niagara Falls, ON L2G 3E3

Bed
Bath
9075 Sqft.
None Garage

Property Description

Property type

Investment

Lot size

N/A

Style

Approx. Area

9075 Sqft

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. Property being sold in an As is Where Is Condition by lender and another brokerage. **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.

Home Overview

Last updated

13 hours ago

Virtual tour

None

Basement information

Building size

9075

Status

In-Active

Property sub type

Investment

Maintenance fee

$N/A

Year built

--

Additional Details

Basement:N/A
Cooling:No
Heating:Baseboard
Parking Features:N/A
0
Similar Homes Found
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Average Price
697500000.0%
Higher than average

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Sales Representative

Angela Yang

Sales Representative, ANCHOR NEW HOMES INC.

English, Mandarin
Residential ResaleProperty ManagementPre Construction

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