For Sale

1 RIVERDALE Drive, Wasaga Beach, Ontario L9Z1E9

$730,000

1 RIVERDALE Drive, Wasaga Beach, Ontario L9Z1E9 is For Sale and has a listing price of 730,000. The property is located in the Wasaga Beach neighbourhood. It's been on the website for 148 Days.

  • Vacant Land
    Property Type
  • MLS ID: 40611532
  • Office Name RE/MAX By the Bay Brokerage (Unit B),RE/MAX By the
Property Description

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. (id:43137)

Property Details
  • Virtual Tour: Click Here
  • MLS ID: 40611532
  • Price: $730,000
  • Transaction Types: For Sale
  • Ref ID: 27093135
  • Year Built: N/A
  • Property Type: Vacant Land
  • Property Type: Commercial
  • Property Sub Category: Vacant land
Price History
List Date MLS ID List Price Status End Date Closed Price
06/26/2024 40611532 $730,000 For Sale - -
11/27/2023 S7324108 $999,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Wasaga Beach
  • $820,199 Average List Price
    based on 1 year
  • 146 New Listings
    based on 30 days
  • 56 Median Days on Market
    based on 1 year
  • List vs. Selling Price 148.17 % Up
  • Sold (12mo) 307
  • Rented (12mo) 160

  • 1 Month Change +4.2%
  • 3 Month Change +12.1%
  • 6 Month Change +11.6%
Walkscore
  • 26 Walk Score
    Car-Dependent
  • 41 Bike Score
    Somewhat Bikeable
Property Type Distribution
  • All Houses
    85.8%
  • Commercial
    8.27%
  • Condo
    4.18%
  • Land for Sale
    1.74%
Additional Details
  • Sewers Municipal Sewage System
  • Basement2 None
  • Water Municipal Water
  • Property Features Cul-de-sac
  • Fireplace False
  • Taxes: N/A
  • Original Price: $0
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 26/06/2024 00:00:00
  • Zoning Y
  • Agent Name: Andrew Kenneth McKay,Jeff McInnis
  • Address Subdivision: WB01 - Wasaga Beach
  • Last Updated: 04/11/2024 13:51:25
Open House Dates
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