- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- X8060196
- Bus Major:
- Hotel/Motel/Inn
- Photos (6)
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Harvey Kalles Real Estate Ltd., Brokerage & High Point Realty Limited are pleased to present a prominent gateway motel property with future mid-to-high density residential development potential. Located in the Tourist Core of Niagara Falls at the corner of Stanley Ave & McLeod Rd, between Marineland and the hotel-entertainment core, the existing non-operating 2 storey motel, in need of rejuvenation, contains 23 motel units and has a 3-bedroom office/residence. In-place zoning permits a range of Tourist Commercial Uses. A mixed-use development concept by Zeidler Partnership Architects for 245 res units/22 floors with podium retail commercial has been presented to the City. The site provides a unique opportunity to pursue a mid-rise or high-rise rezoning for greater heights or to restore/expand the existing model. As is where is sale. Parcels can be purchased separately (Motel Parcel: $4,975,000 / Vacant Land Parcel: $2,000,000) conditional upon Muncipal Technical Severance Consent. Property being sold in an As is Where Is Condition.
- Property Type:
- Commercial
- Commercial Type:
- Investment
- Approx. Age:
- 51-99
- Depth:
- 207'10"
- Frontage:
- 297'5"
- Total Area:
- 9,075 sq. ft.
- Office/Apt Area:
- 1,600 sq. ft.
- Industrial Area:
- 0 sq. ft.
- Retail Area:
- 7,475 sq. ft.
- Zoning:
- Tourist Commercial
- Heating type:
- Baseboard
- Basement:
- Full
- Garage:
- None
- Total Parking Spaces:
- 23
- Lot Irregularities:
- Irregular -Two Parcels
- Taxes:
- $42,285.37 / 2023
- Assessment:
- $- / -
- 1.5+/- acres site consists of 2 land parcels.Survey, Geotech, Phase 1, 2 & Record of Site Condition reports are avail.HST is in addition to list price & sole responsibility & expense of the Buyer.Property Tax amt subject to confirmation.
- Public Transit
- None
- Utilities:
- Y
- Water supply:
- Municipal
- Sewer:
- San+Storm
- Seller Property Info Statement:
- No
- Physically Handicapped-Equipped:
- No
- Air Conditioning:
- N
- Number of Double Man Shipping Doors:
- 0
- Number of Drive-In Level Shipping Doors:
- 0
- Number of Grade Level Shipping Doors:
- 0
- Number of Truck Level Shipping Doors:
- 0
- Crane:
- No
- Chattels:
- No
- Log/Bldg/Unit Code:
- Lot
- Outside Storage:
- No
- Percent of Building:
- 100
- Rail:
- No
- Soil Test:
- Yes
- Sprinklers:
- No
- Survey Available:
- Yes
- Type Taxes:
- Annual
- Category:
- Accommodation
- Major Business Type:
- Hotel/Motel/Inn
- Financial Statements:
- No
- Franchise:
- No
- Freestanding:
- Yes
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Listed by HARVEY KALLES REAL ESTATE LTD.
Data was last updated January 10, 2025 at 11:55 AM (UTC)
- MYTU DOAN
- HARVEY KALLES REAL ESTATE LTD., BROKERAGE
- 1 (647) 3089393
- Contact by Email
Harvey Kalles Real Estate Ltd., Brokerage
Office Address:
2145 AVENUE ROAD
Toronto, ON, M5M 4B2