$6,975,000

5544 Mcleod Rd

, Niagara Falls, Ontario, L2G 3E3

| | 23  | sq.ft. | Year Built: 51-99 |
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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.

Property Info
MLS®: X8060196
Listing Courtesy of HARVEY KALLES REAL ESTATE LTD.
Total Bedrooms 0
Total Bathrooms 0
Basement Y
Floor Space 0 sq.ft.
Lot Size 61802 sq.ft.
Style other
Last Updated 2024-08-22
Property Type Investment
Listed Price $6,975,000
Unit Pricing $6,975,000/sq.ft.
Strata Fee $0.00
Tax Estimate $42,285/Year
Year Built 51-99
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