250 Phipps Street, Fort Erie, ON L2A 2V5 – Fort Erie – $1,900,000

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Description

Prime Investment Opportunity 250 Phipps St, Fort Erie – 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, an optional development package is available for purchase, which includes all necessary studies, reports, and plans, along with prepaid Development Fees, 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.

Property Details

• Property Type: Residential Freehold
• List Price: $1,900,000
• Lot Size (sq ft): 1.246
• Tax Year: 2024
• Annual Taxes: $13,711