
1211 & 1225 & 1237 PETIT ROAD, Fort Erie (Crescent Park), ON L2A5A4
$7.8M total
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Asset Class
Land
Size
—
Building class
C
Zoning
AG — Agricultural
$ / SF
—
Occupancy
99%
Lot Size
9.36 ac
Exceptional Development Opportunity in Fort Erie. A rare opportunity to acquire a draft plan-approved residential development site for 98 homes in the growing community of Fort Erie. The approved plan features a diverse mix of housing, including 5 single-family lots, 74 street townhomes, and 18 semi-detached lots. Ideally situated adjacent to the highly successful High Pointe Meadows community, the property offers excellent connectivity and convenient access to the QEW and Canada-U.S. border, while being just minutes from some of the Niagara Region's renowned golf courses and beaches.The Petit Road location is also within walking distance of key community amenities, includingFort Erie Town Hall, the Fort Erie Leisure plex, YMCA Child Care Centre, and the newly constructed Greater Fort Erie Secondary School. With approvals in place, a desirable residential location, and proximity to established amenities and transportation routes, this property represents an outstanding opportunity for builders and developers looking to expand their presence in the Fort Erie market. (id:66811)
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Monthly debt service
$36K
Projected NOI
$359K
Annual cash flow
$-73K
Cash-on-cash
-3.14%
DSCR
0.83
Going-in cap
4.60%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
126,074
Households
46,747
Median income
$106,000
Median age
33.4
Daytime population
202,417
5-yr growth
9.4%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 1211 & 1225 & 1237 PETIT ROAD, Fort Erie (Crescent Park).
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.