523-537 Thorold Road Active Save Request In-Person Tour Request Virtual Tour
Welland,ON L3C 3W9
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