$4,990,000
Available - For Sale
Listing ID: X12229403
5544 Mcleod Road , Niagara Falls, L2G 2E3, Niagara
| Power of Sale opportunity in the heart of Niagara Falls vibrant tourist district. This high-profile 1.5-acre corner property offers exceptional redevelopment potential with Tourist Commercial zoning allowing for a range of uses including hotel, residential, mixed-use, and retail. The site consists of a vacant two-storey, 23-room motel and an adjacent vacant parcel, providing a generous footprint for future development. Conceptual plans propose a 22-storey mixed-use tower featuring approximately 245 residential units above a commercial podium, aligning with the Cities vision for intensification in this prime area. The property is situated at the busy intersection of McLeod Road and Stanley Avenue, just minutes from major attractions such as, Fallsview Casino, Horseshoe Falls, and Clifton Hill, with excellent access to 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 one of Canadas most visited tourist destinations, available under Power of Sale. |
| Price | $4,990,000 |
| Taxes: | $20340.00 |
| Tax Type: | Annual |
| Assessment Year: | 2024 |
| Occupancy: | Vacant |
| Address: | 5544 Mcleod Road , Niagara Falls, L2G 2E3, Niagara |
| Postal Code: | L2G 2E3 |
| Province/State: | Niagara |
| Legal Description: | LT J. MAHER PL 4, PT LT 2 PL 4, AS IN RO |
| Directions/Cross Streets: | Corner of McLeod and Stanley |
| 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 |
| Category: | Accommodation |
| Use: | Hotel/Motel/Inn |
| Building Percentage: | T |
| Total Area: | 1.52 |
| Total Area Code: | Acres |
| Washrooms: | 0 |
| Rail: | N |
| Heat Type: | None |
| Central Air Conditioning: | No |
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| VANGUARD REALTY BROKERAGE CORP. |
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Wally Islam
Real Estate Broker
Dir:
416-949-2626
Bus:
416-293-8500
Fax:
905-913-8585
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At a Glance:
| Type: | Com - Investment |
| Area: | Niagara |
| Municipality: | Niagara Falls |
| Neighbourhood: | 220 - Oldfield |
| Tax: | $20,340 |
| Fireplace: | N |
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