Business For Sale · Land

0 DOMINION ROAD, Fort Erie (Crescent Park)

0 DOMINION ROAD, Fort Erie (Crescent Park), ON L2A1H3

$1.4M total

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Asset Class

Land

Size

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Building class

B

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

90%

Lot Size

4.21 ac

About this property

Rare 4.215-acre land assembly in Fort Erie's established Crescent neighbourhood - four lots offered together as one package, presenting an exceptional opportunity for builders, developers, and investors seeking to capitalize on continued growth across the Niagara Region. Currently zoned R2, supporting detached and semi-detached homes and accessory dwellings, with discussions with Town planning staff indicating receptiveness toward higher-density residential forms, including townhouses, subject to approvals. An environmental reassessment by a professional consulting firm is in its final stages, with preliminary findings supporting the site's buildability and potential for further subdivision of the existing lots of record. Serviced with the exception of water. An MOE Certificate was obtained for the waterline extension. Steps to Crescent Beach on Lake Erie, with the Friendship Trail running directly alongside the property - west to historic Old Fort Erie and the Peace Bridge, east to the shops and beaches of Ridgeway and Crystal Beach. Fort Erie continues to see strong residential demand from GTA buyers, downsizers, and retirees, with cross-border convenience via the Peace Bridge and proximity to Buffalo Niagara International Airport. A flexible, well-located site assembly ready for a thoughtfully planned residential community. Buyer to conduct own due diligence regarding zoning, servicing, and development approvals. Duplicate listing MLS#: X13540684. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.35M
Down payment30% · $405K
Interest rate6.25%
Amortization25 years
Occupancy90%
Expense growth2.5%

Monthly debt service

$6K

Projected NOI

$61K

Annual cash flow

$-14K

Cash-on-cash

-3.36%

DSCR

0.82

Going-in cap

4.53%

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.

Area demographics

Trade area within 3 miles of the property.

Population

116,886

Households

55,394

Median income

$137,000

Median age

36.7

Daytime population

102,814

5-yr growth

0.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 0 DOMINION ROAD, Fort Erie (Crescent Park).

NDA required
  • 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.