1005 Arthur Street, Fort Erie (Lakeshore), Ontario, L2A4J2




$299,900
Fort Erie
This lot in Fort Erie is for sale. It has been on the market 69 days, fresher than the Fort Erie average of 104 days.
An exceptional development opportunity in one of Fort Erie's most desirable and growing neighbourhoods. This prime townhouse lot comes with approved configurations for three residential townhouse units, offering builders and investors a rare chance to fast-track their next project.The property's zoning permits the addition of an Accessory Dwelling Unit (ADU) within each townhouse, creating the potential for up to six income-generating living spaces on a single property. Whether you're looking to maximize rental income, create multi-generational living options, or expand your investment portfolio, the possibilities here are outstanding.Ideally situated in a beautiful residential area surrounded by quality homes, parks, amenities, and convenient access to major routes, this lot offers both lifestyle appeal and strong long-term growth potential. Municipal services are readily available at the road, helping streamline the development process and reduce upfront costs.With approvals in place, flexible development options, and an excellent location, this is a turnkey opportunity for developers, builders, and investors looking to capitalize on Fort Erie's continued growth. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 69 days on market, against an average age of 104 days across the listings currently for sale in this city
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.
This vacant land in Fort Erie (Lakeshore) has been listed for 69 days, which is 35 days fresher than the city average of 104. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $299,900, about 4.1× the local median household income of $72,500.
Carrying it typically needs a household income of about $58,581 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
Source: Statistics Canada, 2021 Census (FSA L2A)
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