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$730,000
Available - For Sale
Listing ID: S11903696
Unparalleled investment opportunity in the heart of Wasaga Beach with three fully serviced vacant lots, ready for development. With the ongoing housing shortage in Ontario, these rare properties, priced under $750,000, offer significant value compared to the 12-month average sale price of a residential vacant lot in the area, which hovers around $350,000. 3 lots 52 x 115 feet, providing ample space for three custom homes or the development of multi-unit residences. There is a chronic shortage of affordable rental properties and duplexes or triplexes may be the highest and best use. Wasaga Beach is rapidly evolving with major developments like the new Casino and Twin Pad + Library facility already in place, anticipating a population growth to 30,000 within six years.Strategically located less than a five-minute drive from Stonebridge Town Centre, this development will offer residents the convenience of nearby amenities including Walmart, Boston Pizza, and Tim Hortons. A short two to three-minute drive to the beaches will appeal to prospective buyers or tenants. Additionally, Wasaga Beach's redevelopment plans promise further enhancement of its iconic beachfront with projects that include a 150-room boutique-style hotel and commercial spaces, balancing living spaces with family-friendly public areas. Investors can align with these future growth plans and benefit from both the commercial and community advancements.This unique offering of a triple lot, already severed into three, is nearly impossible to find. Whether you're a sophisticated developer or an individual with a vision, this is an exceptional chance to contribute to and benefit from the promising future of Wasaga Beach.
Price $730,000
Taxes: $3,216
Assessment: $280000
Assessment Year: 2024
Address: 1 RIVERDALE Dr , Wasaga Beach, L9Z 1E9, Ontario
Lot Size: 176.19 x 115.57 (Feet)
Acreage: < .50
Directions/Cross Streets: River Road West To Riverdale Drive
Washrooms: 0
Property Type: Vacant Land
Pool: None
Fireplace/Stove: N
Elevator Lift: N
Sewers: Sewers
Water: Municipal
Utilities-Cable: A
Utilities-Hydro: A
Utilities-Gas: A
Utilities-Telephone: A
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Asking Price: $ Heating: $ /Year  
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RE/MAX By the Bay Brokerage

1 RIVERDALE Dr , Wasaga Beach, L9Z 1E9, Ontario

Personal Picture
Maria Tompson
Sales Representative
Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184

 
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At a Glance:
Type: Freehold - Vacant Land
Area: Simcoe
Municipality: Wasaga Beach
Neighbourhood: Wasaga Beach
Style:
Lot Size: 176.19 x 115.57(Feet)
Approximate Age:
Tax: $3,216
Maintenance Fee: $0
Beds:
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic Maria Tompson Sales Representative Your Company Name, Brokerage Independently owned and operated. pic sales@bestforagents.com pic Cell: 416-548-7854 | Office: 416-548-7854
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