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$989,000
Est. payment /mo
19,800 SqFt
UPDATED:
11/04/2024 04:43 PM
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 19,800 sqft
Price per Sqft $49
MLS Listing ID X10405958
Tax Year 2024
Property Description
This is an incredible investment opportunity in the prime location of Niagara West Lincoln. This spacious residential corner lot, with a 150 ft frontage, is surrounded by new subdivisions and established homes, with extensive development taking place in the area. The land is subject to a zoning modification to High-Density RM3, which provides flexibility for various residential developments. Permitted builds include 5-7 story apartment buildings, condominiums, detached and semi-detached homes, townhouses, rental units, and retirement residences. A pre-consultation meeting was conducted with the Township regarding a proposed 3-story building with 6 townhomes. The meeting was positive, and no objections were raised by the Township. However, the seller decided not to proceed, as the lot dimensions may support an alternative design for up to 12 back-to-back townhomes, leaving the option open for the buyer to submit their own project for consideration. This is an excellent opportunity for individual buyers looking to build their dream home on a generously sized lot with 150 ft of frontage. Approximately 25 minutes to Niagara Falls and the U.S. border, and close to major cities like St. Catharines, Hamilton, Burlington, Guelph, and Mississauga. All essential services are conveniently located along South Grimsby Rd 5, with easy access to amenities, shopping, schools, transit, and recreation centers. Dont miss this unique opportunity to build in a thriving community!
Location
Province ON
County Niagara
Area Niagara
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
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Listed by HOMELIFE/VISION REALTY INC.
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