$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

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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#X9413777
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Days On Site157
Listing Provided ByROYAL LEPAGE NRC REALTY | Not Provided

Features

BasementY
Water FrontNone
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Listings Checked: 29 minutes ago
StateON
CountyNiagara
CityFort Erie
Zip CodeL2A 5M4
Area334 Crescent Park
Listing VS Median (in L2A 5M4)
Price:
$4,500,000
low | high
Med:
$824,000
100% of Average
On Site:
157
low | high
Med:
328.500000
47.79299847793% of Average
Sourced by Back At You
Listing Updated: January 29, 2025 at 3:55:15 PM PST