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Home ON St. Catharines - Niagara Fort Erie Crescent Park
N/A SHAYNE AVENUE
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N/A SHAYNE AVENUE $4,500,000
$4,500,000
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N/A SHAYNE AVENUE
Fort Erie (334 - Crescent Park), Ontario L2A5M4

MLS® Number: X9413777

Listing 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. (36819170)

Location Description

At corner of Daytona and Evelyn St. in Crescent Park

Property Summary

Property Type
Vacant Land
Community Name
334 - Crescent Park
Land Size
.|2 - 4.99 acres
Annual Property Taxes
$1
Total Parking Spaces
0
Time on REALTOR.ca
64 days

Building

Building Features
Features
Flat site
Utilities
Utility Type
Cable (Available)
Utility Sewer
Sanitary sewer
Water
Municipal water
Parking
Total Parking Spaces
0

Land

Other Property Information
Zoning Description
R1
Data provided by: Niagara Association of REALTORS® 116 Niagara Street, St. Catharines, Ontario L2R 4L4

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