map icon

1 Riverdale Dr

Riverdale Dr, Wasaga Beach, Wasaga Beach, ON, L9Z 1E9

-
Beds
-
Baths
$899,000
List Price
Details
Photos
6
Comparables
History
1 Riverdale Dr, Wasaga Beach, ON - 1 of 3
1 Riverdale Dr, Wasaga Beach, ON - 2 of 3
1 Riverdale Dr, Wasaga Beach, ON - 3 of 3
New
5 days on market

Quick Summary

  • Rare triple lot opportunity in high-growth Wasaga Beach
  • Ideally located near Stonebridge Town Centre and beach
  • Ample room for 3 custom homes or multi-unit residences
  • Potential to help address affordable rental property shortage
  • Wasaga Beach experiencing rapid population growth and development
  • Proposed beachfront redevelopment with new hotel and amenities
  • Serviced lots under $900,000 in a high-demand market
  • Unlikely to find similar triple lot opportunity again

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... Show More

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 Towns 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.

Additional Media

View Additional Media

Property Details

Utilities

Water
-
Sewer
None

Ownership Details

Ownership

Title
Freehold
Zoning
-

Taxes

Property Tax Year
2023-01-01
Property Tax Amount
$2,873

Source

Listing Brokerage

MLS® Listing
S9008136
Last Updated
July 3, 2024
Brokerage
RE/MAX BY THE BAY
Call us 800-591-0566

Book A Private Showing

For Sale Nearby

1988 River Rd W, Wasaga Beach, ON
1988 River Rd W
$848,000
Wasaga Beach, ON, L9Z 2W1
  • 4
  • 2
1988 River Rd W, Wasaga Beach, ON
1988 River Rd W
$799,999
Wasaga Beach, ON, L9Z 2W1
  • 964 Sq. Ft.
  • 2
  • 1
1993 River Rd W, Wasaga Beach, ON
1993 River Rd W
$849,900
Wasaga Beach, ON, L9Z 1G3
  • 2,500 - 3,000 Sq. Ft.
  • 5
  • 3
104 Smallman Dr, Wasaga Beach, ON
104 Smallman Dr
$599,999
Wasaga Beach, ON, L9Z 1L1
    45 Glen Eton Rd, Wasaga Beach, ON
    45 Glen Eton Rd
    $1,099,000
    Wasaga Beach, ON, L9Z 1E6
      45 Glen Eton Rd, Wasaga Beach, ON
      45 Glen Eton Rd
      $1,099,000
      Wasaga Beach, ON, L9Z 1E6
        116 Smallman Dr, Wasaga Beach, ON
        116 Smallman Dr
        $599,000
        Wasaga Beach, ON, L9Z 1L3
        • 1,100 - 1,500 Sq. Ft.
        • 3
        • 1
        116 Smallman Dr, Wasaga Beach, ON
        116 Smallman Dr
        $599,000
        Wasaga Beach, ON, L9Z 1L3
        • 1,379 Sq. Ft.
        • 3
        • 1

        Sold Nearby

        1 Riverdale Dr, Wasaga Beach, ON
        Sold Listing
        Get verified. Local real estate boards require email verification.
        1 Riverdale Dr
        $XXX,XXX
        Wasaga Beach, ON, L9Z 1E9
        • 3
        • 3
        1 Riverdale Dr, Wasaga Beach, ON
        Sold Listing
        Get verified. Local real estate boards require email verification.
        1 Riverdale Dr
        $XXX,XXX
        Wasaga Beach, ON, L9Z 1E9
        • 2,000 - 2,500 Sq. Ft.
        • 3
        • 3
        4 Riverdale Dr, Wasaga Beach, ON
        Sold Listing
        Get verified. Local real estate boards require email verification.
        4 Riverdale Dr
        $XXX,XXX
        Wasaga Beach, ON, L9Z 1E9
        • 1,500 - 2,000 Sq. Ft.
        • 5
        • 3
        1988 River Rd W, Wasaga Beach, ON
        Sold Listing
        Get verified. Local real estate boards require email verification.
        1988 River Rd W
        $XXX,XXX
        Wasaga Beach, ON, L9Z 2W1
        • 4
        • 2
        8 Riverdale Dr, Wasaga Beach, ON
        Sold Listing
        Get verified. Local real estate boards require email verification.
        8 Riverdale Dr
        $XXX,XXX
        Wasaga Beach, ON, L9Z 1E9
        • 1,500 - 2,000 Sq. Ft.
        • 4
        • 2
        11 Riverdale Dr, Wasaga Beach, ON
        Sold Listing
        Get verified. Local real estate boards require email verification.
        11 Riverdale Dr
        $XXX,XXX
        Wasaga Beach, ON, L9Z 1E9
        • 3
        • 3
        23 Glen Eton Rd, Wasaga Beach, ON
        Sold Listing
        Get verified. Local real estate boards require email verification.
        23 Glen Eton Rd
        $XXX,XXX
        Wasaga Beach, ON, L9Z 1E7
        • 4
        • 3
        34 Glen Eton Rd, Wasaga Beach, ON
        Sold Listing
        Get verified. Local real estate boards require email verification.
        34 Glen Eton Rd
        $XXX,XXX
        Wasaga Beach, ON, L9Z 1E7
        • 2
        • 1

        Listing information provided in part by the Toronto Regional Real Estate Board for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. Copyright © TRREB. All rights reserved.

        Information is deemed reliable but is not guaranteed accurate by TRREB®. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.