5544 Mcleod Road, Niagara Falls (Oldfield) - Business for Sale
5544 Mcleod Road, Niagara Falls (Oldfield), Ontario, L2G2E3
This business in Niagara Falls is for sale. It has been on the market 10 days, fresher than the Niagara Falls average of 52 days.
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. (id:66096)
Property Details
- MLS®
- X14119592
- Property Type
- Business
- Zoning
- Tourist Commercial
- Lot Size
- 1.52 acres
- Frontage
- 324 ft
- Heating
- No heat
- Cooling
- None
- Property Tax
- $31,751/yr
- Listed
- 10 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 10 days on market, against an average age of 52 days across the listings currently for sale in this city
This business in Niagara Falls (Oldfield) has been listed for 10 days, which is 42 days fresher than the city average of 52. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L2G)
This home lists at $4,900,000, about 71.0× the local median household income of $69,000.
Carrying it typically needs a household income of about $957,142 (20% down, 25-yr amortization, stress-tested) — roughly 1287% above the area median.
- Median household income
- $69,000
- Population
- 30,344
- Median age
- 44.8
- Owner / renter
- 63% / 37%
- Avg. household size
- 2.4
Source: Statistics Canada, 2021 Census (FSA L2G)
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$4,900,000
Niagara Falls