ON > Fort Erie (crescent Park) > 334 - Crescent Park
Fort Erie (crescent Park), ON L2A5M4,E/W SHAYNE AVENUE
Fort Erie (crescent Park), ON L2A5M4,E/W SHAYNE AVENUE
Fort Erie (crescent Park), ON L2A5M4,E/W SHAYNE AVENUE
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$3,499,850
Est. payment /mo
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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision 334 - Crescent Park

MLS® Listing ID X12189825

Source Niagara Association of REALTORS®

Property Description

A draft plan approved for 22 premium lots in Fort Erie's desirable Crescent Park district offers significant development potential. Each lot boasts a minimum 60-foot frontage and 110-foot depth, a unique offering within the city. The R1 zoning aligns with existing neighborhood aesthetics and supports single-family detached homes projected to exceed $1 million in value, though increased density, such as stacked townhouses eligible for HST rebates and affordable housing grants, is encouraged by the municipality. Servicing for these lots along the future Shayne Avenue is approved, subject to conditions available upon request, as is the servicing quote. Minor variances for larger building envelopes, accommodating features like three-car garages, are readily attainable. Investors may also engage multiple builders for project execution. This presents a compelling opportunity for developers seeking high returns in a prime location. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Exterior

Parking Features No

View Y/N No

Private Pool No

Building

Sewer Sanitary sewer

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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