SHAYNE
| Fort Erie
$4,999,850.00
Listed 27 days ago
- - bed
- 0 bath
- - sqft
- - parking
- Vacant Land
Instant Estimate
$6,216,073
+$1,216,223 compared to list price
Upper range
$8,645,077
Mid range
$6,216,073
Lower range
$3,787,069
Property history
- Now
- Listed on Sep 12, 2024
Listed for $4,999,850.00
27 days on market
- Jan 11, 2024
- 9 months ago
Expired
Listed for $4,999,850.00 • 7 months on market
Location & area
Schools nearby
Home Details
- Description
- 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.
- Additional media
- -
- Property taxes
- $1.00 per year / $0.08 per month
- Basement
- -
- Year build
- -
- Type
- Vacant Land
- Bedrooms
- Bathrooms
- 0
- Parking spots
- Total
- Floor
- -
- Balcony
- -
- Pool
- None
- External material
- -
- Roof type
- -
- Lot frontage
- -
- Lot depth
- -
- Heating
- -
- Fire place(s)
- N
Listing Brokerage
- MLS® Listing
- X9346579
- Brokerage
- ROYAL LEPAGE NRC REALTY
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