1 Riverdale Drive Wasaga Beach, Ontario L9Z 1E9

$730,000

Unparalleled investment opportunity in the heart of Wasaga Beach with three fully serviced vacant lots, ready for development. With the ongoing housing shortage in Ontario, these rare properties, priced under $750,000, offer significant value compared to the 12-month average sale price of a residential vacant lot in the area, which hovers around $350,000. 3 lots 52 x 115 feet, providing ample space for three custom homes or the development of multi-unit residences. There is a chronic shortage of affordable rental properties and duplexes or triplexes may be the highest and best use. Wasaga Beach is rapidly evolving with major developments like the new Casino and Twin Pad + Library facility already in place, anticipating a population growth to 30,000 within six years.Strategically located less than a five-minute drive from Stonebridge Town Centre, this development will offer residents the convenience of nearby amenities including Walmart, Boston Pizza, and Tim Hortons. A short two to three-minute drive to the beaches will appeal to prospective buyers or tenants. Additionally, Wasaga Beach's redevelopment plans promise further enhancement of its iconic beachfront with projects that include a 150-room boutique-style hotel and commercial spaces, balancing living spaces with family-friendly public areas. Investors can align with these future growth plans and benefit from both the commercial and community advancements.This unique offering of a triple lot, already severed into three, is nearly impossible to find. Whether you're a sophisticated developer or an individual with a vision, this is an exceptional chance to contribute to and benefit from the promising future of Wasaga Beach. (id:36109)

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