$ 3,740,000
Lot 531 Albion AVE Fort Erie, ON L2A 5M4
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$ 3,740,000
Est. payment /mo
Active
Lot 531 Albion AVE Fort Erie, ON L2A 5M4
4 SqFt
UPDATED:
11/06/2024 07:13 PM
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 4 sqft
Price per Sqft $935,000
MLS Listing ID X10410542
Annual Tax Amount $43,000
Tax Year 2024
Property Description
Exceptional Development Opportunity: 64 Modern Townhomes in Fort Erie. Introducing an outstanding development package with nearly site plan-approved 2.91-acre land, ready for your vision. This parcel must be purchased together with an adjacent 2.234-acre property, offering a combined opportunity to construct 64 contemporary townhomes. With all essential services readily available, the path to development is seamless. All comprehensive studies will be provided upon receiving an offer, giving you a solid foundation for an informed decision. Prime Location on Garrison Road. Situated in the desirable Spears-High Points neighborhood, this combined site offers remarkable convenience: Proximity to the U.S. Border: A short drive to the Peace Bridge, providing easy access to Buffalo, New York, and enhancing cross-border connectivity. Access to Crysal Beach: Only 10 minutes away, featuring beautiful sandy shores and clear waters that attract both residents and tourists alike. Local Amenities: The area is experiencing substantial growth, with shops, restaurants, and recreational facilities nearby, fostering a vibrant community atmosphere. Market Growth in Fort Erie. Fort Erie boasts a robust real estate market with ongoing development initiatives and a steady demand for housing. The town's strategic location, growing amenities, and diverse range of properties make it an attractive investment for developers. An Ideal Investment Opportunity. This property represents a rare opportunity to develop in a triving community, with all preparatory work completed. The strategic location, along with the added acreage of the adjacent property and comprehensive studies, makes this an ideal investment for developers looking to capitalize on Fort Erie's growth and appeal. The buyer is responsible for conducting their own due diligence.
Location
Province ON
County Niagara
Community Public Transit, Recreation/Community Centre
Interior
Cooling No
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available None
Listed by ROYAL LEPAGE CERTIFIED REALTY
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