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1 Riverdale Drive Wasaga Beach, Ontario L9Z 1E9

$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:47312)

Property Details

MLS® Number 40611532
Property Type Vacant Land
Amenities Near By Public Transit, Schools
Features Cul-de-sac

Building

Basement Type None
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 116 Ft
Size Frontage 176 Ft
Size Total Text Under 1/2 Acre
Zoning Description R1 D

https://www.realtor.ca/real-estate/27093135/1-riverdale-drive-wasaga-beach

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RE/MAX By The Bay Brokerage (Unit B)
1900 Mosley Street Unit 2
Wasaga Beach, Ontario L9Z 1Z3

(705) 429-4500
(705) 429-5542
www.RemaxByTheBay.ca

RE/MAX By The Bay Brokerage (Unit B)
1900 Mosley Street Unit 2
Wasaga Beach, Ontario L9Z 1Z3

(705) 429-4500
(705) 429-5542
www.RemaxByTheBay.ca

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