6104 Garner Road, Niagara Falls (Forestview), Ontario L2E6S4
Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY.
- $3,700,000
- 8
- BD
- 5
- BA
- List Price
- $3,700,000
- MLS®
- X13629384
- Days on Market
- 47
- Status
- ACTIVE
- Type
- Single Family Residential
- Subtype
- Single Family
- Bedrooms
- 8
- Bathrooms
- 5
- Lot Size Dimensions
- 200 x 217.8 FT
- Subdivision
- 219 - Forestview
Property Description
Investor Opportunity - 6104 Garner Road, Niagara FallsRare Shovel-Ready Development Site With Advanced Planning Approvals Already In Place For A Modern 6-Storey Residential Building With 57 Condo Units.Two High-Potential Strategies Available: 1. Market Condo Development - Construct And Sell (Or Hold) 57 Residential Units In A Growing Niagara Falls Corridor. With Key Approvals Progressing, You Can Move Efficiently Into Construction And Capture Strong Market Returns.2. Government-Supported Housing Route - Convert The Project Into Purpose-Built Rental Under Available Federal/Provincial Affordable Housing Programs. Eligible Projects Can Access Funding Covering Up To 95% Of Capital Costs. Build Once, Then Enjoy Reliable, Long-Term Rental Income For Life With Significantly Reduced Equity Outlay.The Heavy Planning Work Is Already Underway. A New Investor Can Step In, Complete The Process, Build, And Begin Generating Returns Quickly - Either Through Unit Sales Or Stable Cash-Flow Rentals.Located In A High-Growth Area Of Niagara Falls With Strong Demand Drivers And Future Secondary-Plan Expansion Nearby. Ideal For Investors Seeking Either Capital Appreciation Or Dependable Lifelong Income.This Is A True Dual-Path Opportunity: Build-To-Sell Or Build-To-Hold With Major Government Support. (id:5764)
Additional Information
- Ownership
- Freehold
- Garage
- Yes
- Subdivision
- 219 - Forestview
- Parking Spaces
- 8
- Pool
- Yes
- Cooling
- Central air conditioning
- Country
- Canada
- Sewer
- Septic System
- Heating
- Forced air, Natural gas
- Pool Features
- Inground pool
- Stories
- 2
