1 Riverdale Drive, Wasaga Beach | Image 1

1 Riverdale Drive

Wasaga Beach, Wasaga Beach

  • 0 bed 0 bath
$730,000 est.*: $2,473/mo
For Sale

Added 3 weeks ago

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  • Type: Vacant Land

  • Lot Size: 176.19 x 115.57 Feet

  • Age: No Data

  • Taxes: $3,216 per year

  • Added: Jan 02, 2025 (3 weeks ago)

  • Updated:

  • Last Checked: 3 hours ago

  • MLS®#: S11903696

  • Listed By: Re/max by the bay brokerage

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.

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Property

  • Status: Sale

  • Property Type: Vacant Land

  • Area: Wasaga Beach

  • Community: Wasaga Beach

  • Availability Date: Immediate

  • Assessment Amount: $280,000

  • Assessment Year: 2024

Inside

  • Fireplace: No

Utilities

  • Electricity: Available

  • Gas: Available

  • Cable: Available

  • Telephone: Available

Building

  • Elevator: N

  • Energy Certificate: N

  • Water Supply: Municipal

  • Special Designation: Unknown

Fees

  • Tax Year: 2024

  • Tax Legal Description: Plan M440 Pt Blk 61 Rp 51R21861

  • Taxes: $3,216

Land

  • Cross Street: River Road West To R

  • Municipality District: Wasaga Beach

  • Fronting On: East

  • Parcel Number: 589600030

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 115.57 Feet

  • Lot Frontage: 176.19 Feet

  • Acres: < .50

  • Zoning: R1 D

  • Waterfront: None

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Car-Dependent

  • Almost all errands require a car.
14 /100

Somewhat Bikeable

  • Most errands require a car.
41 /100
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Map of 1 Riverdale Drive, Wasaga Beach
JK-8

New Lowell Central Public School

Elementary: Public
16.19 km
JK-8

Byng Public School

Elementary: Public
9.21 km
JK-8

Clearview Meadows Elementary School

Elementary: Public
8.55 km
JK-8

St Noel Chabanel Catholic Elementary School

Elementary: Catholic
5.19 km
JK-8

Worsley Elementary School

Elementary: Public
2.32 km
JK-8

Birchview Dunes Elementary School

Elementary: Public
2.48 km
9-12

Collingwood Campus

Secondary: Public
13.36 km
9-12

Stayner Collegiate Institute

Secondary: Public
8.58 km
9-12

Elmvale District High School

Secondary: Public
17.06 km
9-12

Jean Vanier Catholic High School

Secondary: Catholic
13.02 km
9-12

Nottawasaga Pines Secondary School

Secondary: Public
23.77 km
9-12

Collingwood Collegiate Institute

Secondary: Public
13.65 km

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