$2,799,000

About this property

An exceptional opportunity to acquire a multi-residential development site at 3779 Macklem Street in Niagara Falls. The property spans approximately 1.14 acres and is strategically located in the established Chippawa community, offering proximity to the Welland River, Portage Road, and key transportation routes. The surrounding area features a mix of residential and commercial uses, supporting long-term growth and livability. The site is zoned Residential Apartment 5C Density Zone (R5C), permitting multi-residential development including apartment dwellings. Construction has commenced on a planned five-storey condominium consisting of 51 residential units with a mix of one to three-bedroom layouts, along with underground parking and amenity space. The development has been fully approved and is currently underway, providing a significant head start for a purchaser looking to complete the project either as a condo or rental development. The site offers approximately 145 feet of frontage and 316 feet of depth, with access to municipal services including water, sewer, and hydro. Located approximately 3 km from Niagara Falls' tourist district and within close proximity to local amenities, this property is well-positioned to benefit from ongoing regional demand for multi-residential housing. The proposed project includes modern design features, efficient unit layouts, and amenities aligned with current market expectations.Property is being sold on an "as-is, where-is" basis. No representations or warranties are made by the seller or listing brokerage. Buyer to perform their own due diligence with respect to zoning, approvals, development status, and all other aspects of the property.

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