$6,975,000
Available - For Sale
Listing ID: X8060196
5544 Mcleod Rd , Niagara Falls, L2G 3E3, Ontario
| 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. |
| Price | $6,975,000 |
| Taxes: | $42285.37 |
| Tax Type: | Annual |
| Occupancy by: | Owner |
| Address: | 5544 Mcleod Rd , Niagara Falls, L2G 3E3, Ontario |
| Postal Code: | L2G 3E3 |
| Province/State: | Ontario |
| Legal Description: | Pt Lot 1 Pl4 Stamford Pt 2, 59R5391, Nia |
| Lot Size: | 297.41 x 207.80 (Feet) |
| Directions/Cross Streets: | Stanley & Marine Land Parkway |
| Category: | Accommodation |
| Use: | Hotel/Motel/Inn |
| Building Percentage: | Y |
| Total Area: | 9075.00 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 1600 |
| Office/Appartment Area Code: | Sq Ft |
| Industrial Area: | 0 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 7475 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Approximatly Age: | 51-99 |
| Financial Statement: | N |
| Chattels: | N |
| Franchise: | N |
| Sprinklers: | N |
| Outside Storage: | N |
| Rail: | N |
| Crane: | N |
| Soil Test: | Y |
| Truck Level Shipping Doors #: | 0 |
| Double Man Shipping Doors #: | 0 |
| Drive-In Level Shipping Doors #: | 0 |
| Grade Level Shipping Doors #: | 0 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | N |
| Elevator Lift: | None |
| Sewers: | San+Storm |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| HARVEY KALLES REAL ESTATE LTD. |
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|
Sarah Saberi
Sales Representative
Dir:
416-890-7990
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Niagara Falls |
| Lot Size: | 297.41 x 207.80(Feet) |
| Approximate Age: | 51-99 |
| Tax: | $42,285.37 |
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