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$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
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)
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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.
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.
Confidential diligence documents for 0 DOMINION 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.