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:35544)
| MLS® Number | X12189825 |
| Property Type | Vacant Land |
| Community Name | 334 - Crescent Park |
| Features | Irregular Lot Size, Rocky |
| Age | New Building |
| UtilityWater | Municipal Water |
| No Garage |
| Acreage | Yes |
| Sewer | Sanitary Sewer |
| SizeIrregular | . ; 3 Parcels Of Land |
| SizeTotalText | . ; 3 Parcels Of Land|2 - 4.99 Acres |
| SoilType | Rocky |
| ZoningDescription | R1 |
| Cable | Available |
| Electricity | Available |
| Sewer | Available |
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
