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E/w Shayne Avenue

Fort Erie (Crescent Park), Ontario, L2A5M4

$3,499,850

MLS®#: X12189825
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:10317)

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Property Details
Status: For sale
Address: E/W SHAYNE AVENUE, Fort Erie (Crescent Park), L2A5M4
MLS: X12189825
Lot Size: . ; 3 parcels of land
Water: Municipal water
Floor Space: 0
Lot Size: . ; 3 parcels of land
Agency: Courtesy of ROYAL LEPAGE NRC REALTY
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