$ 4,500,000
N/A SHAYNE AVE Fort Erie, ON L2A 5M4
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,500,000
Est. payment /mo
Price Dropped by $499K
N/A SHAYNE AVE Fort Erie, ON L2A 5M4
2 Acres Lot
UPDATED:
11/07/2024 01:08 AM
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
State ON
County Niagara
Zoning R1
Rooms
Basement Unknown
Kitchen 0
Interior
Interior Features Unknown
Cooling Unknown
Exterior
Garage Unknown
Pool None
Roof Type Unknown
Parking Type Unknown
Listed by ROYAL LEPAGE NRC REALTY