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Listed by Andrew Kenneth Mckay • RE/MAX By the Bay Brokerage (Unit B)
$ 730,000
Est. payment /mo
Price Dropped by $169K
1 Riverdale Drive Wasaga Beach, ON L9Z 1E9
UPDATED:
11/04/2024 01:37 PM
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40611532
Originating Board The Lakelands
Annual Tax Amount $2,873
Property 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.
Location
Province ON
County Simcoe County
Area Wasaga Beach
Zoning R1 D
Direction River Road West To Riverdale Drive
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available At Lot Line-Gas, At Lot Line-Hydro, At Lot Line-Municipal Water
Lot Frontage 176.19
Lot Depth 115.57
Garage No
Building
Lot Description Urban, Cul-De-Sac, Public Transit, Schools
Faces River Road West To Riverdale Drive
Sewer Sewer (Municipal)
Water Municipal-Metered
New Construction No
Others
Senior Community No
Tax ID 589600030
Ownership Freehold/None
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