$4,999,850 $26,840 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

50% VTB POSSIBLE WITH UP TO TWO YEAR TERM. 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. The approval, accompanied by conditions, allows the servicing of these 22 plots along the future Shayne Avenue. Each future development site 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. Additionally, there is an option of engaging 3 or 4 available builders, should an investor be seeking individuals to construct these dwellings.

Details

MLS#40528573
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Days On Site138
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.

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Listings Checked: 14 seconds ago
ProvinceON
CountyNiagara
CityFort Erie
Postal CodeL2A 5M4
AreaFort Erie
Subarea334 Crescent Park
Community Name334 Crescent Park
Listing VS Median (in 334 Crescent Park)
Price:
$4,999,850
low | high
Med:
$699,900
100% of Average
On Site:
138
low | high
Med:
14
100% of Average
Sourced by Back At You
Listing Updated: May 22, 2024 at 6:39:59 PM PDT