5544 MCLEOD RD

$ 7,900,000
5544 MCLEOD RD,
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Overview

  • Updated On:
  • February 12, 2024

Description

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.**** 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. (id:56108)

Address: 5544 MCLEOD RD
State/County:
Zip: L2G3E3
Country: Canada
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Property Id : 757635
Price: $ 7,900,000
$ 43,672.03
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 33,797.03
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