5544 Mcleod Rd

Niagara Falls | | L2G 3E3
  • 9075.0 sqft
  • 0 gar

Ask: $7,900,000 $6,975,000

Est. Mtg $23,651 /mo
  • Days on market

    94

  • Status

    A

Listing Broker HARVEY KALLES REAL ESTATE LTD.
Since listed: 2 views

Home details

MLS #:

X8060196

Property type:
Investment
Style:
Taxes:
$42,285
Possession:
Condo Fee:
Lot Size:
297.41 X 207.8
Zoning:
Tourist Commercial
Use:
Hotel/Motel/Inn
Heat:
Baseboard

Description


5544 Mcleod Rd, , Niagara Falls, Ontario is a Investment property in Niagara Falls and in the community in the L2G 3E3 postal code


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..



Payment calculator

$27174 monthly. In association with: TD Bank
%
  • Principal and Interest
    23651 /mo
  • Property Taxes
    $3523 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Daniela LaFace, Realtor

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