6560 Mcleod Road
220 - Oldfield, Niagara Falls
$1,750,000
6560 McLeod Rd, 7274 Merritt Ave and 7284 Merritt selling as one parcel. 3 lots, 3 homes being sold together. Exceptional development opportunity ideally suited for stacked townhouses, an apartment building, or condominiums. Fronting on McLeod Road and backing onto Merritt Avenue. Approximately 0.65 acres measuring 139 x 203 feet. Take advantage of this high-demand development area with excellent proximity to amenities, transit, schools, and shopping. Perfect for investors, developers and builders looking to create a multi-residential project in a growing community.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $10,177 |
| Lot Size | 139 ft x 203 ft |
| mls© Number | X13089170 |
| Listed By | RE/MAX GARDEN CITY REALTY INC, BROKERAGE |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,957
- Property tax
- $848
- Heat allowance
- $150
- Housing costs
- $9,955 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$306,000
gross annual household income
- Payment at 4%
- $7,364 / mo
- Cash down
- $350,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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