For Sale

Lot 20 South Grimsby Road 5 Road, West Lincoln, Ontario L0R 2A0

$989,000

Lot 20 South Grimsby Road 5 Road, West Lincoln, Ontario L0R 2A0 is For Sale and has a listing price of 989,000. The property is located in the West Lincoln . It's been on the website for 66 Days.

  • Vacant Land
    Property Type
  • MLS ID: X10408903
  • Office Name HOMELIFE/VISION REALTY INC.
Property Description

This is an incredible investment opportunity in the prime location of Niagara West Lincoln. This spacious residential corner lot, with a 150 ft frontage, is surrounded by new subdivisions and established homes, with extensive development taking place in the area. The land is subject to rezoning from R1 to R2 and High-Density RM3, which provides flexibility for various residential developments(multiple fourplexes/triplexes, 4-6-story apartment buildings, condominiums, detached/semi-detached/townhouses, rental units, and retirement residences). This is an excellent opportunity for individual buyers looking to build their dream home on a generously sized lot with 150 ft of frontage. It is an amazing demanded area, less than 30 minutes to Niagara Falls and the U.S. border, close to major cities like St. Catharines, Hamilton, Burlington, Oakville, Guelph, and Mississauga. All essential services are conveniently located along South Grimsby Rd 5, with easy access to amenities, shopping, schools, transit, and recreation centers. Don’t miss this unique opportunity to build in a thriving community! **EXTRAS** Buyers To Perform Due Diligence, Obtain A Permit Regarding Any Developments And Verify Information.

Property Details
  • MLS ID: X10408903
  • Price: $989,000
  • Lot Depth: 132
  • Transaction Types: For Sale
  • Ref ID: X10408903
  • Year Built: N/A
  • Dir / Cross St: Hwy 20/South Grimsby Rd 5
  • Status: Active
  • Tax Year: 2024
  • Property Type: Vacant Land
  • Property Type: Commercial
  • Property Sub Category: Vacant land
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
West Lincoln
  • $1,122,940 Average List Price
    based on 1 year
  • 0 New Listings
    based on 30 days
  • 193 Median Days on Market
    based on 1 year
  • List vs. Selling Price 67.67 % Up
  • Sold (12mo) 82
  • Rented (12mo) 8

  • 1 Month Change -31.5%
  • 3 Month Change -52.3%
  • 6 Month Change -41.2%
Walkscore
Property Type Distribution
  • All Houses
    81.88%
  • All Houses/Commercial
    0.16%
  • Commercial
    12.69%
  • Condo
    3.79%
  • Land for Sale
    1.48%
Additional Details
  • Kitchen Y
  • Taxes: $43
  • Last Status New
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Possession Remarks: tba
  • Listing Entry Date: 05/11/2024 20:43:54
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