North Shayne Avenue

ActiveFort Erie · 334 - Crescent Park127 days on marketMLS® X12944684

$3,499,850

Bedrooms0

Bathrooms0

Interior0 sq ft

TypeLand

ListingFor Sale

Days on Market127

About this property

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.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X12944684
Status	Active
Listing Type	For Sale
Property Type	Land
Interior Size	0 sq ft
Beds / Baths	0 bed · 0 bath
Neighbourhood	334 - Crescent Park
City	Fort Erie
Postal Code	L2A 5M4
Province	ON
Listed Date	April 1, 2026
Days on Market	127
Brokerage	ROYAL LEPAGE NRC REALTY