5544 MCLEOD ROAD
Niagara Falls (Oldfield), Ontario
MLS® X12686288
$4,900,000
- Status
- Active
- Property type
- Business
- MLS® number
- X12686288
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 4Listing description
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.
Property summary
- MLS® number
- X12686288
- Property type
- Business
- Square footage
- 2 sq ft
- Land size
- 1.52 acres
- Annual property taxes
- $31,751.00
- Days on market
- 226 days
Features & details
- Heating
- No heat
- Cooling
- None
What would this home cost you?
Based on the $4,900,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of HIGH POINT REALTY LIMITED, TORONTO.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.