250 Phipps Street Fort Erie, Ontario L2A 2V5

$2,190,000

Prime Investment Opportunity 250 Phipps St, Fort Erie - Security Deposit already paid! An exceptional 1.246-acre development site in Fort Erie, site-plan approved for a four-storey, 43-unit multi-residential building. Previously home to the original Rose Seaton School, this site carries forward its legacy as Rose Seaton Heights, a key addition to the revitalization of this growing north-end neighborhood. For those looking to move forward seamlessly, the purchase price includes the site-plan agreement, paid $300K Town of Fort Erie security deposit, studies, reports, and plans; providing a significant cost and time advantage. The buyer will be responsible for separately paying permit fees to the Town of Fort Erie. Located within walking distance to parks, Downtown Bridgeburg, and the scenic Niagara River with its walking, running, and cycling trails, this property offers tremendous potential in a rapidly developing area. Don't miss this rare opportunity to invest in a shovel-ready, multi-residential project in a prime Fort Erie location. (id:50877)

Property Details

MLS® Number	X13763076
Property Type	Vacant Land
Community Name	332 - Central
Amenities Near By	Park
Features	Irregular Lot Size

Building

Land

Acreage	No
Land Amenities	Park
Size Depth	220 Ft ,6 In
Size Frontage	198 Ft ,6 In
Size Irregular	198.56 X 220.57 Ft ; L-shaped Lot
Size Total Text	198.56 X 220.57 Ft ; L-shaped Lot|1/2 - 1.99 Acres
Surface Water	River/stream
Zoning Description	Rm1-501

Utilities

Cable	Available
Electricity	Available
Sewer	Available

https://www.realtor.ca/real-estate/30255367/250-phipps-street-fort-erie-central-332-central