NA SHAYNE Avenue, Fort Erie, ON L2A 5M4

  • $4,500,000
  • $4,999,850
NA SHAYNE Avenue, Fort Erie, ON L2A 5M4
Active For Sale
NA SHAYNE Avenue, Fort Erie, ON L2A 5M4
NA SHAYNE Avenue, Fort Erie, ON L2A 5M4
  • $4,500,000
  • $4,999,850

Overview

Property ID: HZX9346579
  • Vacant Land, Residential
  • Property Type

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.

  • Address NA SHAYNE Avenue
  • City Fort Erie
  • State/county ON
  • Zip/Postal Code L2A 5M4
  • Country CA

Details

Updated on October 30, 2024 at 8:33 pm
  • Property ID: HZX9346579
  • Price: $4,500,000
  • Garage Size: x x
  • Property Type: Vacant Land, Residential
  • Property Status: Active, For Sale

Additional details

  • Sewer: Sewer
  • County: Niagara
  • Property Type: Residential
  • Pool: None

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