ON > Fort Erie
Fort Erie, ON L2A 5M4,N/A SHAYNE AVE
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Fort Erie, ON L2A 5M4,N/A SHAYNE AVE
Fort Erie, ON L2A 5M4,N/A SHAYNE AVE
Fort Erie, ON L2A 5M4,N/A SHAYNE AVE
Fort Erie, ON L2A 5M4,N/A SHAYNE AVE
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 4,500,000
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N/A SHAYNE AVE Fort Erie, ON L2A 5M4

2 Acres Lot

UPDATED:

12/05/2024 02:48 PM

Key Details

Property Type Vacant Land

Sub Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID X9413777

Style Unknown

Annual Tax Amount $1

Tax Year 2024

Lot Size 2.000 Acres

Property 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.

Location

Province ON

County Niagara

Community 334 - Crescent Park

Area Niagara

Zoning R1

Region 334 - Crescent Park

City Region 334 - Crescent Park

Rooms

Basement Unknown

Kitchen 0

Interior

Interior Features Unknown

Cooling Unknown

Exterior

Parking Features Unknown

Pool None

Roof Type Unknown

Building

New Construction false

Listed by ROYAL LEPAGE NRC REALTY
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N/A SHAYNE AVE