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

$989,000

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 a zoning modification to High-Density RM3, which provides flexibility for various residential developments. Permitted builds include 5-7 story apartment buildings, condominiums, detached and semi-detached homes, townhouses, rental units, and retirement residences. A pre-consultation meeting was conducted with the Township regarding a proposed 3-story building with 6 townhomes. The meeting was positive, and no objections were raised by the Township. However, the seller decided not to proceed, as the lot dimensions may support an alternative design for up to 12 back-to-back townhomes, leaving the option open for the buyer to submit their own project for consideration. This is an excellent opportunity for individual buyers looking to build their dream home on a generously sized lot with 150 ft of frontage. Approximately 25 minutes to Niagara Falls and the U.S. border, and close to major cities like St. Catharines, Hamilton, Burlington, 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. Dont miss this unique opportunity to build in a thriving community! **** EXTRAS **** The land qualifies for a zoning change to High Density (RM3), ideal for various developments. Buyers must conduct due diligence, secure permits, and verify all info independently. Deposit cheque to be certified. (id:50584)

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https://www.realtor.ca/real-estate/27613554/lot-20-south-grimsby-road-5-west-lincoln