5544 MCLEOD RD, Niagara Falls , L2G3E3
Listing ID: X8060196
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$7,900,000
Price
9075
Sq. Ft.
Listed: 2 months ago
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Property 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:26452)

Other located at 5544 MCLEOD RD. 5544 MCLEOD RD is in the Niagara Falls neighborhood. Niagara Falls , and Willoughby are nearby neighbourhoods.
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Listed by: HARVEY KALLES REAL ESTATE LTD.

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20% down payment
$27,679
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50% down payment
$17,299
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Estimated mortgage based on 2.7% on a 30 year amortization based on some lenders

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PA
PAUL AZZARELLO
(416) 441-2888

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PA
PAUL AZZARELLO
(416) 441-2888
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