$899,000
 $4,826 est/mo Sourced by Back At You

1 Riverdale Drive , Wasaga Beach, ON L9Z 1E9

Wasaga Beach, ON L9Z 1E9

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Description

Its June 2024 and the Canadian population has increased by 1 million over the last twelve months to 42 million. There is chronic housing shortage in Canada and specifically in Ontario. Are you a developer looking for your next project or an ambitious individual looking to build their own home and have 2 lots to sell with or without a home. The 12 month average sale price of a residential vacant lot in Wasaga Breach is approximately $350,000. With 3 serviced lots for under $900,000 the maths is easy. Vacant residential lots are becoming very, very rare in Wasaga Beach. To find a triple lot already severed in to 3 is unheard of. However here is that unheard of opportunity. Ideally located less than 5 minutes drive to Stonebridge Town Centre with its stores and restaurants including Walmart, Boston Pizza and of course Tims. The beach s 2 to 3 minutes drive away. Each lot measure 52’ x 115’ so ample room for 3 custom homes. The highest and best use for an investor may be with multiple unit residences. Alongside the housing shortage there is the same chronic shortage of affordable rental properties . Duplexes or triplexes can help fill that void. Wasaga Beach is growing with the Casino plus Twin Pad + Library facility already open and a planned population of 30,000 in 6 years time. The Town of Wasaga Beach has unveiled plans with exciting new partners and next steps for redevelopment of Town’s iconic beachfront Proposed projects include a 150-room boutique-style hotel, commercial shops and residences balanced with creative, fun, family-friendly public spaces. The Mayor stated that the Council is thrilled to welcome FRAM Building Group and an exciting new partner, the Sunray Group of Hotels, to Wasaga Beach, Whether you are that developer or ambitious individual it is highly unlikely that such an opportunity of 3 serviced will present itself again in Wasaga Beach.

Details

MLS#40611532
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Days On Site110
Listing Provided ByRE/MAX By the Bay Brokerage (Unit B) | Andrew Kenneth Mckay

Features

ZoningR1 D
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 8 minutes ago
ProvinceON
CountySimcoe County
CityWasaga Beach
Postal CodeL9Z 1E9
AreaWasaga Beach
SubareaWB01 Wasaga Beach
Community NameWB01 Wasaga Beach
Listing VS Median (in WB01 Wasaga Beach)
Price:
$899,000
low | high
Med:
$667,000
75.806451612903% of Average
On Site:
110
low | high
Med:
42.500000
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2024 at 10:15:09 AM PDT