Description

An exceptional opportunity awaits with this expansive 160 ft x 135 ft vacant lot located in the rapidly growing Spears neighbourhood of Fort Erie. Surrounded by newer homes and ongoing residential development, this property offers excellent potential for builders, investors, or buyers looking to create a custom home in an emerging area. With municipal services available nearby, the property presents the possibility to develop and potentially sever into up to four 40-foot lots, subject to approval from the Town of Fort Erie. Whether you're planning a single dream home with additional land for future investment, or exploring small-scale residential development opportunities, this property offers outstanding flexibility and future potential. Conveniently located close to shopping, restaurants, schools, and everyday amenities, while also offering quick access to the QEW Highway, connecting you to Niagara Falls, Toronto, and the Peace Bridge to Buffalo within minutes. A rare chance to secure a sizeable parcel in one of Fort Erie's growing residential areas. (id:66096)

Market Timing

Days on market

44d

Fort Erie (Crescent Park) listings, avg age

83d

List price

$500K

Homes here sell slower than most markets

Sold homes in this market spent an average of 62 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This vacant land in Fort Erie (Crescent Park) has been listed for 44 days, which is 39 days fresher than the city average of 83. Act while there is still low competition.

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Area context

Neighbourhood profile (L2A)

This home lists at $499,900, about 6.9× the local median household income of $72,500.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 35% above the area median.

Median household income: $72,500
Population: 17,293
Median age: 49.2
Owner / renter: 74% / 26%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L2A)

$499,900

For sale

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Financing

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0 Rutherford Avenue, Fort Erie (Crescent Park) - Vacant Land for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L2A)

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