NORTH SHAYNE AVENUE, Fort Erie (Crescent Park)

$3,499,850

For sale: Vacant Land

Vacant Land at NORTH SHAYNE AVENUE, Fort Erie (Crescent Park)
Property type
Vacant Land
MLS®
MLS® X13761504
Neighbourhood
334 - Crescent Park

PREMIUM RAW LOTS THAT ARE SITE PLAN APPROVED WITH 60 FOOT FRONTAGE EACH!!!! LOTS AT 159K EACH UNSERVICED FOR RARE 60' IN SOUGHT AFTER AREA!! LANDBANK FOR FUTURE HUGE RETURN OR TAKE ADVANTAGE OF HST REBATE AND BUILD IN PREMIUM AREA. BUILDERS AVAILABLE TO HELP. 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.

Sold data

Homes in Crescent Park — recent sold market

Homes in Crescent Park took a median of 44 days to sell over the last 365 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 75, across 84 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 94 days.

The median sale price was $542,450.

Homes sold for about 3.8% below asking on average, so there was room to negotiate.

About 8% of sales closed above the list price.

Around 35% of sellers reduced their price before finding a buyer.

Median days to sell
44
Median sale price
$542,450
Sale-to-list ratio
96.2%
Sold above asking
8%

Based on 84 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Fort Erie (Crescent Park)

Fort Erie (Crescent Park) has 5 Fraser Institute–rated schools (4 elementary and 1 secondary), averaging 6.5/10.

Rated schools
5
Elementary
4
Secondary
1
Average rating
6.5 / 10

Top-rated schools in Fort Erie (Crescent Park)

  • Garrison Road — elementary, Fort ErieFraser rating 7.8/10
  • St Philomena — elementary, Fort ErieFraser rating 7.3/10
  • General Vanier — elementary, Fort ErieFraser rating 6.8/10
  • Greater Fort Erie — secondary, Fort ErieFraser rating 5.5/10
  • Our Lady of Victory — elementary, Fort ErieFraser rating 5.0/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near NORTH SHAYNE AVENUE