$4,900,000
Available - For Sale
Listing ID: X12686288
5544 Mcleod Road , Niagara Falls, L2G 2E3, Niagara
| POWER OF SALE! In the heart of Niagara Falls vibrant tourist district. This high profile 1.52 acre corner site offers exceptional redevelopment potential in one of Canada's most visited destinations. Zoned Tourist Commercial, the property permits a wide range of uses including hotel, residential, mixed use, retail and tourism related development. Improved with a vacant non operating two storey motel containing 23 guest rooms plus a three bedroom manager's residence in need of rejuvenation, presenting either a restoration and expansion opportunity or a complete redevelopment play. Premier of Ontario and the City of Niagara Falls have a long term vision for intensification in the Tourist Core. The property offers the potential to pursue a hotel, mid rise or high rise rezoning for greater density and height, subject to municipal approvals. Strategically located at the busy gateway intersection of Stanley Avenue and McLeod Road, between Marineland and the established hotel and entertainment core, the site benefits from outstanding exposure and accessibility. It is minutes to Fallsview Casino, Horseshoe Falls, Clifton Hill, major attractions, the QEW highway, GO Transit and the U.S. border via the Rainbow Bridge. This is a rare chance to secure a significant redevelopment site in a tightly held tourist market with strong fundamentals, offered under Power of Sale! Property being sold by the mortgagee in "as-is, where-is" condition. |
| Price | $4,900,000 |
| Taxes: | $31751.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Vacant |
| Address: | 5544 Mcleod Road , Niagara Falls, L2G 2E3, Niagara |
| Postal Code: | L2G 2E3 |
| Province/State: | Niagara |
| Directions/Cross Streets: | Stanley & McLeod |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Accommodation |
| Use: | Other |
| Building Percentage: | T |
| Total Area: | 1.52 |
| Total Area Code: | Acres |
| Washrooms: | 0 |
| Heat Type: | None |
| Central Air Conditioning: | No |
$
%
Years
This calculator is for demonstration purposes only. Always consult a professional
financial advisor before making personal financial decisions.
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| HIGH POINT REALTY LIMITED |
|
|
Rocky Li
Realtor
Dir:
416-567-3688
Bus:
905-604-6855
| Book Showing | Email a Friend |
Jump To:
At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Niagara Falls |
| Neighbourhood: | 220 - Oldfield |
| Tax: | $31,751 |
| Fireplace: | N |
Locatin Map:
Payment Calculator:
