ON > Welland
Welland, ON L3C 3W9,523-537 THOROLD RD
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 9,000,000
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523-537 THOROLD RD Welland, ON L3C 3W9

2 Acres Lot

UPDATED:

11/17/2024 02:27 AM

Key Details

Property Type Vacant Land

Sub Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID X9411937

Style Unknown

Annual Tax Amount $16,074

Tax Year 2024

Lot Size 2.000 Acres

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.

Location

Province ON

County Niagara

Zoning H-RH125

Rooms

Basement Unknown

Kitchen 0

Interior

Interior Features Unknown

Cooling Unknown

Exterior

Garage Unknown

Pool None

Roof Type Unknown

Building

New Construction false

Listed by COLLIERS INTERNATIONAL NIAGARA LTD.
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523-537 THOROLD RD

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