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$3,499,850
Ontario,Fort Erie (Crescent Park)
For Sale Active
NORTH SHAYNE AVENUE, Fort Erie (Crescent Park), Ontario L2A5M4
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Basic Details
Description

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. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: X12944684
  • Price: $3,499,850
  • Status: Active
  • Property Sub Type: Vacant Land
  • Office Key: 75369
Features & Appliances
Features
  • Parking: No Garage
  • Utilities: Electricity, Sewer, Cable
Address Map
  • Location: CA, Ontario, Fort Erie (Crescent Park), L2A5M4
  • Street: Shayne
  • Street Number: North
  • Street Suffix: Avenue
  • Longitude: W79° 2' 2.4''
  • Latitude: N42° 53' 50.8''
Additional Information
  • Lot Features:
  • Lot Size Dimensions: . ; 3 parcels of land
Financial
  • Tax Annual Amount: 536.46
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Listing updated: 2026-04-18 00:02:48
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Listing Information
  • List Agent Key: 1501429
  • List Office Key: 75369
  • Modification Timestamp: 2026-04-12T20:05:18Z
  • Originating System Name: Niagara Association of REALTORS®
  • Status Change Timestamp: 2026-04-12T19:56:38Z
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Listing updated: 2026-04-18 00:02:48
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