$9,000,000
Est. payment /mo
2 Acres Lot
Active
523-537 THOROLD RD Welland, ON L3C 3W9
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UPDATED:
12/17/2024 04:10 PM
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision 769 - Prince Charles
MLS Listing ID X9411937
Style Unknown
Annual Tax Amount $16,074
Tax Year 2024
Lot Size 2.000 Acres
Property Sub-Type Vacant Land
Property Description
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.
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.
Location
Province ON
County Niagara
Community 769 - Prince Charles
Area Niagara
Zoning H-RH125
Rooms
Basement Unknown
Kitchen 0
Interior
Interior Features Unknown
Cooling Unknown
Exterior
Parking Features Unknown
Pool None
Roof Type Unknown
Lot Frontage 321.39
Lot Depth 411.13
Exposure South
Building
New Construction false
Others
Virtual Tour https://www.collierscanada.com/en-ca/properties/305-acre-residential-development-with-spa-submitted-for-228-condo-units-in-welland/can-532-537-thorold-road-welland-on/can2015752
Listed by COLLIERS INTERNATIONAL NIAGARA LTD.