Name RESIDENTIAL WATERFRONT DEVELOPMENT OPPORTUNITY
Auctioneer Roup Sales Services
Type Online-Only Auction
Date(s) 5/15/2020 - 5/31/2020
May 31st, 2020 Ends 5:00 pm
Preview Date/Time upon request
Location county road 20
Amherstburg, ON N9V 3R3
Buyer Premium A Buyer's Premium may be added to this bid if it is successful.
Description
ONLY 11 MINUTES FROM THE NEW GORDIE HOWE CANADA/USA BRIDGE This is an amazing opportunity to acquire waterfront property on River Canard in the Town of Amherstburg that can be developed into multiple residential lots. Located off of County Road 20, the parcel is vacant land and is comprised of some of the most beautiful wetlands in the County of Essex. Located on the river, close to its mouth where River Canard flows into Lake Erie, the parcel is in a rural area close to Amherstburg and LaSalle, two of the most retirement friendly towns near the southernmost point in Canada. It is approximately seven acres in size and has previously been approved for subdivision into eight buildable residential lots. The property is in a low snow area, located at the same latitude as Northern California. The area is a botanical microcosm, being the only Zone 7A growing environment in Ontario. It is a paradise for gardeners, bird-watchers and retirees. DEVELOPMENT POTENTIAL: The development potential of the property is substantial. In 2004, the entire block of land was severed into nine (9) separate parcels, eight of which were assigned their own municipal addresses. In fact, the municipal address numbers have already been posted on each of the eight lots by the town. The 2004 development envisioned a single driveway off of County Road 20 (old Highway #18) that accessed a private road running parallel to the highway. The private road fronts each of the municipal lots. Both the driveway and the private road have been built. This is why there are rights-of-way in the description to the property that apply to each of the parcels. They ensure that each lot can access the highway as well as River Canard. We are advised that Hydro One has hydro at the road to service this development. As well, we are advised that there is gas service and water service available to service this development. Of course, while we believe this to be true, it is up to the Buyer to verify the accuracy of this information. We are advised by the Essex Regional Conservation Authority (ERCA) that the parcel includes significant wetlands and a large water lot. In fact, On June 11, 2019, ERCA provided written confirmation that “Given that the building envelope(s) have been maintained, ERCA will respect the previously approved development and will only require the adherence to the original EIA recommendations if any planning applications are forthcoming to reconfigure the lot lines.” The Seller has also been informed by the municipality that all drainage for the properties will have to be run through each lots’ septic system. To date, the development of the parcel has not proceeded past the Development Agreement and the severance of the various parcels. Nevertheless, each of the nine severed parcels can be dealt with and transferred individually. There is no obligation on a Buyer to develop this property. It may well be that the highest value and best use for this parcel is develop it as an exclusive, single, large and luxurious estate home. Or it might be to develop it into different lots. The property has pure potential, dependent upon what the Buyer desires and what size home(s) seem appropriate. AVAILABLE: One-Lot (includes all parts) Residential WATERFRONT Development Opportunity "TRIGGER BIDDING" AVAILABLE "THE PROPERTY CAN SELL TO 'TRIGGER BID' EVEN BEFORE 05/31/20. ONLY TWO HOURS 'TO BEAT' THE "TRIGGER!" ALL BIDS MUST BE IN BEFORE: MAY 31st, 2020 @ 5:00pm Sharp. NOTE: BECAUSE THIS IS A PRE-EMPTIVE SALES EVENT, IF A PRE-EMPTIVE BID IS ACCEPTED BY THE SELLER, THE ONE-LOT (INCLUDING ALL PARCEL BEING SOLD AS ONE LOT) WILL BE DEEMED SOLD IMMEDIATELY UPON RECEIPT OF THE REQUIRED DEPOSIT FROM THE SUCCESSFUL BIDDER AND THE SALE WILL BE CLOSED BEFORE THE DEADLINE. The successful bid will be subject to a 10% Buyer’s Premium in addition to the successful bid price. The successful bidder will provide a deposit in the amount of 10% Buyer’s Premium plus HST payable to “Laing Legal in Trust” by 4:30pm on Monday June 1st, 2020, or, alternatively, if it is a Pre-Emptive Bid, within 24 hours of the seller accepting the Pre-Emptive Bid. The successful bidder will be required to sign an Agreement of Purchase and Sale reflecting the successful bid terms with a proposed closing date of Friday June 12th, 2020, unless legal counsel agrees to an alternative date. The successful bid price will be exclusive of HST and the transaction will be subject to payment of HST, unless the successful bidder is self-assessing for HST purposes at the time of closing.
Auction Terms & Conditions The successful bid will be subject to a 10% Buyer’s Premium in addition to the successful bid price. The successful bidder will provide a deposit in the amount of 10% Buyer’s Premium plus HST payable to “Laing Legal in Trust” by 4:30pm on Monday June 1st, 2020, or, alternatively, if it is a Pre-Emptive Bid, within 24 hours of the seller accepting the Pre-Emptive Bid. The successful bidder will be required to sign an Agreement of Purchase and Sale reflecting the successful bid terms with a proposed closing date of Friday June 12th, 2020, unless legal counsel agrees to an alternative date. The successful bid price will be exclusive of HST and the transaction will be subject to payment of HST, unless the successful bidder is self-assessing for HST purposes at the time of closing. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 95.00 5.00 cdn
95.01 - 975.00 25.00 cdn
975.01 - 9,750.00 250.00 cdn
9,750.01 - 97,500.00 2,500.00 cdn
97,500.01 - 9,999,999.99 10,000.00 cdn