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    For Sale - North Shayne Avenue, Fort Erie, Ontario

    Est payment $16,806/mo
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    Views   1
    Time on Jump  92 day

    AI Summary *

    • New HST rebate for constructions under $1.85 million until March 2027.
    • Development fees reduced by 50%, enhancing project affordability.
    • 22 approved premium lots in desirable Crescent Park area.
    • R1 zoning supports single-family homes valued over $1 million.
    • Flexibility for additional dwelling units and expanded building options.




    The regulations governing the building sector have undergone substantial modifications, notably the hst rebate applicable to all new constructions valued up to $1. 85 million, which aligns perfectly with this project. Firm agreements are eligible for the rebate until march 31, 2027. Additionally, the province of ontario is poised to reduce development fees by 50%, which is expected to apply in this context as well. This scenario is particularly advantageous for builders pursuing a medium-sized project that aims to highlight high-quality homes in an exceptional area. A draft plan has received approval for 22 premium lots in the desirable crescent park district of fort erie, presenting significant development opportunities. Each lot features a minimum frontage of 60 feet and a depth of 110 feet, representing a distinctive offering within the city. The r1 zoning designation complements the existing neighborhood aesthetics and supports single-family detached homes projected to exceed a value of $1 million. The servicing for these lots along the proposed shayne avenue has been approved, subject to specific conditions available upon request, along with the servicing quote. Minor variances for expanded building envelopes, accommodating features such as three-car garages, are readily achievable. Fort erie will also allow up to 3 adu's (additional dwelling units) to be added to increase value or add inlaw opportunities under separate roof on same property. Lots of options!! Investors also have the option to collaborate with multiple builders for project execution, highlighting a compelling opportunity for developers aiming for high returns in a prime location.
    Listing IDX12944684
    AddressNorth Shayne Avenue
    CityFort Erie, Ontario
    Price$3,499,850
    StyleVacant Land
    TypeVacant Land
    StatusFor Sale

    Subtype Vacant LandIndoor Features OtherOwnership FreeholdWaterfront NoneSewer Other

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    Listing Agency:  ROYAL LEPAGE NRC REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    North Shayne Avenue
    Fort Erie , Ontario
    $3,499,850
    Get more info