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$3,499,850
Est. payment /mo
2 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision 334 - Crescent Park
MLS Listing ID X12189825
Building Age New
Annual Tax Amount $1
Tax Year 2025
Lot Size 2.000 Acres
Property Sub-Type Vacant Land
Property 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.
Location
Province ON
County Niagara
Community 334 - Crescent Park
Area Niagara
Rooms
Kitchen 0
Interior
Interior Features Other
Exterior
Waterfront Description None
Topography Rocky
Others
ParcelsYN No
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Listed by ROYAL LEPAGE NRC REALTY