5544 Mcleod RD, Niagara Falls, ON L2G 2E3
5544 Mcleod RD, Niagara Falls, ON L2G 2E3
5544 Mcleod RD, Niagara Falls, ON L2G 2E3
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$4,900,000
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1 SqFt
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5544 Mcleod RD Niagara Falls, ON L2G 2E3

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Kenneth Yim

Kenneth Yim

+1(416) 906-0080

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 1 sqft

Price per Sqft $4,900,000

Subdivision 220 - Oldfield

MLS Listing ID X12686288

Annual Tax Amount $31,751

Tax Year 2025

Lot Size 1.520 Acres

Property Sub-Type Investment

Lot Depth 210.0

Lot Front 324.0

Property 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.

Location

Province ON

County Niagara

Area Niagara

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 324.0

Lot Depth 210.0

Others

ParcelsYN No

Listed by HIGH POINT REALTY LIMITED

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Kenneth Yim

Kenneth Yim

Broker of Record License ID: 9524831

+1(416) 906-0080

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5544 Mcleod RD

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