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$4,900,000
Available - For Sale
Listing ID: X12686288
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: $31,751
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Vacant
Address: 5544 Mcleod Road , Niagara Falls, L2G 2E3, Niagara
Postal Code: L2G 2E3
Province/State: Niagara
Directions/Cross Streets: Stanley & McLeod
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Category: Accommodation
Use: Other
Building Percentage: T
Total Area: 1.52
Total Area Code:  Acres
Maintenance: 0
Heat Type: None
Central Air Conditioning: No
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HIGH POINT REALTY LIMITED

5544 Mcleod Road , Niagara Falls, L2G 2E3, Niagara

Personal Picture
Paulette Zander
Sales Representatives
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416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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Type: Com - Investment
Area: Niagara
Municipality: Niagara Falls
Neighbourhood: 220 - Oldfield
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Lot Size: x 210.00(Feet)
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Tax: $31,751
Maintenance Fee: $0
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908