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$6,975,000
Available - For Sale
Listing ID: X8060196
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: $42,285.37
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 207.8 (Feet)
Directions/Cross Streets: Stanley & Marine Land Parkway
Zoning: Tourist Commerci
Category: Accommodation
Use: Hotel/Motel/Inn
Building Percentage: Y
Total Area: 9,075
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.

5544 Mcleod Rd , Niagara Falls, L2G 3E3, Ontario


 
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Type: Com - Investment
Area: Niagara
Municipality: Niagara Falls
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Lot Size: 297.41 x 207.80(Feet)
Approximate Age: 51-99
Tax: $42,285.37
Maintenance Fee: $0
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