ON > Niagara Falls > 220 - Oldfield
Niagara Falls, ON L2G 3E3,5544 Mcleod RD
Niagara Falls, ON L2G 3E3,5544 Mcleod RD
Niagara Falls, ON L2G 3E3,5544 Mcleod RD
Niagara Falls, ON L2G 3E3,5544 Mcleod RD
Niagara Falls, ON L2G 3E3,5544 Mcleod RD
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 6,975,000
Est. payment | /mo

9,075 SqFt

Save
$ 6,975,000
Est. payment | /mo
Save

9,075 SqFt

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 9,075 sqft

Price per Sqft $768

Subdivision 220 - Oldfield

MLS Listing ID X8060196

Building Age 51-99

Annual Tax Amount $42,285

Tax Year 2024

Property Sub-Type Investment

Property Description

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.

Location

Province ON

County Niagara

Community 220 - Oldfield

Area Niagara

Interior

Heating Yes

Cooling No

Exterior

Community Features Public Transit

Utilities Available Yes

Lot Frontage 297.41

Lot Depth 207.8

Building

Lot Description Irregular Lot

Others

Security Features No

Listed by HARVEY KALLES REAL ESTATE LTD.
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When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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