12 Jarvis Street Fort Erie, Ontario L2A 2T4

$3,500,000

See video. Attention developers! Here's an incredible investment opportunity you won't want to miss. The owner is offering all four properties as a single package, making it a fantastic deal. What sets these properties apart is their exceptional zoning. With a desirable C2A-420 zoning, that allows for the construction of a 10-storey mixed-use building. Let's take a closer look at the properties included in this package. First, we have 7 Dufferin St., which features a substantial 5,500 sqft main building known as McCooeys Bicycle and Vacuum Shop. The potential rent for this building is $3,000, and it also includes a small shop that rents for $350. Next, we have 5 Dufferin St., which is a vacant lot with endless possibilities for development. Finally, we have 12 Jarvist St. and 14 Jarvis St., which consist of two store fronts. One rents for $900 plus hydro, while the other rents for $800 plus hydro. Additionally, there is a large apartment that rents for $1,800 and a two-bedroom house that rents for $532. When combined, these three properties offer a total of 26,813 sq. ft. and have the potential to generate a monthly income of $6,850. Located in the Bridgeburg Historic District, this area has recently experienced a renaissance. The Old Coal Docks have been beautifully renovated, and the district now features designated open spaces with breathtaking views of the Niagara River and the historic International Railway Bridge. Imagine the stunning vistas that would be visible from the condos in this development, including views of Bridgeburg and the charming tree-lined streets of The North End. These commercial properties are strategically situated on three streets, maximizing their visibility and accessibility. Don't miss out on this incredible opportunity to tap into the potential of Fort Erie's booming real estate market. Act now and seize this chance to create a landmark development that combines modern living with the charm of the historic district. (id:38042)

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