50% 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. (id:47421)
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Detailed Information
Listing Contract Date
2024-09-12
Location Description
At corner of Daytona and Evelyn St. in Crescent Park
Ownership Type
Freehold
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
R1
Building
Basement Type
None
Utility Water
Municipal water
Utilities
Type
Description
Cable
Available
Natural Gas
Available
Land
Total Size
2 - 4.99 acres
Acreage
Yes
Sewer
Municipal sewage system
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