$9,000,000

523* Thorold Rd

, Welland, Ontario, L3C 3W9

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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.

Property Info
MLS®: X8479884
Listing Courtesy of COLLIERS INTERNATIONAL NIAGARA LTD.
Total Bedrooms 0
Total Bathrooms 0
Floor Space 0 sq.ft.
Lot Size 132133 sq.ft.
Style other
Last Updated 2024-06-26
Property Type Land
Listed Price $9,000,000
Unit Pricing $9,000,000/sq.ft.
Strata Fee $0.00
Tax Estimate $16,074/Year
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