523-537 Thorold Road Active

Welland,ON L3C 3W9

$ 9000000

- Bed

- Bath

- SqFt


Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

MLS Listing ID 40611364

Annual Tax Amount $16,074

Lot Size 3.070 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

Area Welland

Zoning H-RH125

Rooms

Kitchen 0

Exterior

Utilities Available At Lot Line-Gas,At Lot Line-Hydro,At Lot Line-Municipal Water,Cable Available,Cell Service,Electricity Available,Natural Gas Available,Street Lights,Phone Available

Waterfront No

Building

Lot Description Urban,Rectangular,High Traffic Area,Public Transit,Schools

Sewer Sewer (Municipal)

Water Municipal

New Construction No

Schools

Elementary Schools Gordon Public School

High Schools Welland Centennial Secondary School

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