523-537 Thorold Road, Welland MLS Number: 40611364
Welland, Niagara, ON, L3C 3W9$9,000,000
Status: For Sale
- Property Type: Land (Residential)
- Property Taxes : $16074 (Tax Year:2024)
- Listing Courtesy : Colliers International Niagara Ltd.
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$9,000,000
Status: For Sale
3.05-acre site with SPA submitted to City for review for 228 condo units comprised of 2 x 8-storey condo apartments & 2 x 4-storey mid-rise apartments fronting onto Thorold Road and connected to Maple Park at the south, and offering a minimum of 242 parking spaces including underground parking which allows for maximum greenspace, common corridors and project phasing. The parcel has been Rezoned to Residential High-Density H-RH-125. Ideal for a prospective developer/buyer to finalize the site plan to their satisfaction and negotiations for offsets for parkland dedication with the City. All reports, studies, notices, and applications are available for full review by potential developer/buyer. Conveniently located on Thorold Road just east of South Pelham Road and backing onto beautiful Maple Park with a pool, playground & sports fields, the site is just a short walk to shopping & grocery (South Pelham Market Plaza w/Sobeys & Shoppers Drug Mart), dental & medical, public transit and more. Perfect as a condo build-out or a purpose-built rental to allow for 100% recovery of HST through recent federal and provincial government legislation. Various purchase options can be available including partial VTB, share purchase and creative opt-ins with a qualified offer/buyer/builder.
Property Type | :Land |
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MLS Number | :40611364 |
Listing Type | :Sale |
Possession Date | : |
Last Updated | :26 Sep, 2024 (35 Days ago) |
Source | :Niagara |
Area | :Niagara |
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City | :Welland |
Area Major | :Welland |
Area Minor | :769 - Prince Charles |
Postal Code | : L3C 3W9 |
Directions | :Thorold Rd, between South Pelham and Clare Ave. Backing onto Maple Park |
Price | : $9,000,000 |
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Property Taxes | :$16074 |
Tax Year | :2024 |
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Place of Worship | :No |
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Cross Street | :South Pelham Road |
Virtual Tour | :Virtual Tour (External Link) |
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25 Jun, 2024
TREB #40611364
Listed
$9000000
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