$4,500,000
 $24,157 est/mo Sourced by Back At You

N/a Shayne Avenue , Fort Erie, ON L2A 5M4

Fort Erie, ON L2A 5M4

Share with a friend

Description

PRICE JUST DROPPED 500K TO OFFSET DEVELOPMENT CHARGES!!! 2 Million Dollar VTB POSSIBLE FOR ONE YEAR TERM AT 6% OR A $250,000 SERVICING CREDIT. (All draft plan conditions and servicing quote available upon request). Major progress has been made over the last two years, resulting in a draft plan approval for 22 premium sites, each having more than a 60-foot frontage, in the Crescent Park district of Fort Erie. This type of frontage and lot not available anywhere, city supports more density if preferred. The approval, accompanied by conditions, allows the servicing of these 22 plots along the future Shayne Avenue. Each future lot offers at least 60' x 110' in size, all zoned as R1 to harmonize with the surrounding community. This presents a highly promising opportunity for developers or builders interested in creating an affluent residential area, consisting entirely of single-family detached homes. This optimal area offers immense potential for establishing a community with homes valued at a million dollars or more. Easily increase the building envelopes with minor variance if needed. Lots could support 3 car garage homes. Additionally, there is an option of engaging 3 or 4 available builders, should an investor be seeking individuals to construct these dwellings.

Details

MLS#40646219
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Days On Site58
Listing Provided ByROYAL LEPAGE NRC REALTY | Jeff Collins

Features

ZoningR1
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

Request a showing

Request a showing

Loading Form
Listings Checked: 10 seconds ago

Contact

Learn More About This Property

ProvinceON
CountyNiagara
CityFort Erie
Postal CodeL2A 5M4
AreaFort Erie
Subarea334 Crescent Park
Community Name334 Crescent Park
Listing VS Median (in 334 Crescent Park)
Price:
$4,500,000
low | high
Med:
$644,450
100% of Average
On Site:
58
low | high
Med:
143.000000
40.559440559441% of Average
Sourced by Back At You
Listing Updated: October 30, 2024 at 4:44:15 PM PDT
Real Estate Links Our Domains