14
See all 14 photos
$9,000,000
Est. payment /mo
3 SqFt
Active
523* Thorold RD Welland, ON L3C 3W9
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UPDATED:
06/26/2024 02:52 PM
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 3 sqft
Price per Sqft $3,000,000
MLS Listing ID X8479884
Annual Tax Amount $16,074
Tax Year 2024
Property Description
3.05-acre site w/SPA submitted for City review. 228 condo units of 2x8-storey condo apartments & 2x4-stroey mid-rise apartments fronting onto Thorold Rd, connected to Maple Pk at south, offering min. of 242 parking spaces incl. underground parking for max. greenspace, common corridors & project phasing. Rezoned to Residential High-Density H-RH-125. Ideal for prospective developer/buyer to finalize site plan to satisfaction & negotiate parkland dedication offsets w/City. All reports, studies, notices, applications available for full buyer review. On Thorold Rd just easy of S. Pelham Rd, backing onto Maple Park w/pool, playground & sports fields, a short walk to shopping & grocery (S. Pelham Market Plaza w/Sobeys & Shoppers Drug Mart), dental, medical, public transit. Perfect as condo build-out or purpose-built rental to allow for 100% HST recovery through federal & provincial legislation. Various purchase options can be available: partial VTB, share purchase creative opt-ins.
Location
Province ON
County Niagara
Area Niagara
Zoning H-RH-125
Exterior
Utilities Available Available
Others
Security Features No
Listed by COLLIERS INTERNATIONAL NIAGARA LTD.