1 Riverdale Drive

Wasaga Beach, ON

MLS® 40611532

For sale
$730,000

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.
Property Details
Property Type
Land
Community Features
Urban
Cul-De-Sac
Public Transit
Schools
Building
Building Type
Residential
Sewer
Sewer (Municipal)
Water Source
Municipal-Metered
Land
Lot Depth
115.57 ft
Lot Front
176.19 ft
Acres
< 0.5 Acres
Zoning
R1 D
Walk Score
RE/MAX By The Bay Brokerage (Unit B)
RE/MAX By The Bay Brokerage (Unit B)

Similar Listings

3124 Mosley Street
Wasaga Beach , ON L9Z 1V6
$298,000
Re/Max Hallmark Peggy Hill Group Realty Brokerage
LOT 94 Robinson Road
Wasaga Beach, ON L9Z 3A4
$319,999
RE/MAX By The Bay Brokerage
18 & 24 Constance Boulevard
Wasaga Beach, ON L9Z 2Y4
$1,900,000
Royal LePage Locations North (Collingwood Unit B) Brokerage
26 Caldas Circle
Wasaga Beach, ON L9Z 1K9
$399,000
Manuel Antunes Real Estate Inc., Brokerage

Data is provided courtesy of © 2024 Information Technology Systems Ontario Inc.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Not intended to solicit Sellers or Buyers currently under written contract with another REALTOR®. All measurements are approximate deemed to be from reliable sources, however buyer and buyer's agent to do their own due diligence. All information is deemed reliable but not guaranteed.

Listing ID: 151362878
Last Updated: 2024-11-04 13:37:22