1 RIVERDALE Drive Wasaga Beach

1 RIVERDALE Drive, Wasaga Beach, Ontario

$899,000

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. (id:23309)
  • Listing ID: 40611532
  • Property Type: Vacant Land
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Details

  • Amenities Nearby: Public Transit, Schools
  • Features: Cul-de-sac
  • Ownership: Freehold
  • Transaction: For sale
  • Zoning Description: R1 D

Building

  • BasementType: None
  • Fireplace Present: False
  • Utility Water: Municipal water

Land

  • Amenities: Public Transit, Schools
  • Sewer: Municipal sewage system
  • Size Frontage: 176 ft

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    This property for sale, located at 1 RIVERDALE Drive in Wasaga Beach, was last modified on July 3rd, 2024. Let us connect you with one of our real estate agents to schedule a viewing or to find other properties for sale in Wasaga Beach.

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