$605,000
For sale: Vacant Land

Development / investment opportunity in central Niagara Falls. 6111 Carlton Avenue offers an OLT-approved, design-ready residential condominium development package in the established Corwin neighbourhood. Approved for 7 two-storey homes: 6 block townhomes plus 1 detached home, set on a private road/common-element condominium on a 0.72-acre development parcel. Zoning and draft plan of vacant land condominium are approved, with only standard draft-plan conditions remaining for servicing, grading, landscaping, fencing, utilities and registration. No house is included in this sale; the existing front home is to be retained by the seller. Municipal services are available at Carlton Avenue and are to be extended by the builder. Walkable to Lundy's Lane shops, restaurants and services, and minutes to Niagara Falls attractions, transit, schools, parks and amenities. A rare infill townhouse / condo development site for a local builder, small developer, Toronto-area developer or investor seeking approved development land without starting at the rezoning stage. Approved plans, elevations, survey and OLT order available on request. Lot lines are approximate.
Sold data
Homes in Niagara Falls (Dorchester) took a median of 31 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 56, across 307 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 54 days.
The median sale price was $599,000.
Homes sold for about 3.2% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 31% of sellers reduced their price before finding a buyer.
Based on 307 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Niagara Falls (Dorchester) has 31 Fraser Institute–rated schools (26 elementary and 5 secondary), averaging 7.6/10.
School ratings from the Fraser Institute's Ontario school report cards.
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