$9,690,000 $52,018 est/mo Sourced by Back At You

523-537 Thorold Road,Welland, ON L3C 3W9

Welland ON, L3C 3W9

Share with a friend

Description

An exciting apartment project backing onto Welland’s Maple Park. This 3.05 acre parcel has been Rezoned high-density with a total of 228 condo units along with a minimum of 242 parking spaces (more are possible if developer chooses). Conveniently located just east of South Pelham where two traffic arteries connect, the site provides access to shopping, grocery, medical facilities, and public transit. The project is designed for two large, mirrored 8 storey condo apartments connected to Maple Park at the south of the parcel and two smaller 4 storey mid-rise apartments fronting onto Thorold Rd. The site elevations and geotechnical studies were conducive to an underground parking system allowing developer to maximize greenspace, common corridors and allow for phasing. Perfect as a condo build out or a purpose built rental to allow for 100% recovery of HST. This project is very attractive with lots of opportunity. Plans are submitted for site plan review. Ideal situation would be 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. Various purchase options to consider, including partial VTB, share purchase and creative opt-ins with a qualified offer/buyer.

Details

MLS#40561942
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Days On Site51
Listing Provided ByBOSLEY REAL ESTATE LTD., BROKERAGE | James Broderick

Features

ZoningRH125
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

Request a showing

Request a showing

Loading Form
Listings Checked: 4 minutes ago
ProvinceON
CountyNiagara
CityWelland
Postal CodeL3C 3W9
AreaWelland
Subarea769 Prince Charles
Community Name769 Prince Charles
Listing VS Median (in 769 Prince Charles)
Price:
$9,690,000
low | high
Med:
$574,900
100% of Average
On Site:
51
low | high
Med:
9
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 2:57:28 PM PDT