$979,900

About this property

Prime Residential SHOVEL READY Development Opportunity - HOT DEAL. Attention investors, builders, and developers-this is your chance to secure an exceptional residential development opportunity in a thriving community of Fort Erie. This strategically located parcel is priced significantly below its appraised value and was fully approved in 2025 for the development of eight freehold executive townhomes.Key development advantages include:Ready-to-Build: Town and region plan of subdivision approval completed in 2025. Essential Reports Completed: Environmental Impact Study (EIS), Geotechnical Report with soil test data and detailed civil stormwater management report with grading plans are ready.Comprehensive Documentation: Civil, architectural, landscape, mechanical, and electrical drawings, plus professional land appraisal report available for serious buyers. Zoned RM1: Ideal for multi-residential, medium-density development.Financing ready: Experienced Capital broker team ready to get approval for the qualified purchaser through CMHC MLI program or private lending. Vendor Take-Back (VTB): May be considered with some conditions.Surrounded by extensive brand new subdivision development by mountainview homes with phase 1 sold out within days!Perfectly located near major highways, the U.S. border, and commercial hubs featuring Walmart, Canadian Tire, banks, restaurants, grocery stores, and more, this location is ideal for families and professionals alike. Additionally, surrounded by modern developments, residents will benefit from proximity to top-tier schools, daycare centers, parks, beaches, a brand-new arena, and community spaces.The buyer to pay the development charges, permit fee and other city fees. With Niagara Region's population projected to grow by 40% by 2041, this is an extremely rare and highly lucrative opportunity for the right developer to invest in one of Canada's fastest developing region. Serious inquiries only.

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