523* Thorold Road Image 1

$9,000,000

Jun 26, 2024Land For Sale
bedroomsbed
washrooms0bath
MLS - #X8479884

523* Thorold Road, Welland, ON L3C 3W9

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Property Description

Property type

Land

Lot size

N/A

Style

Approx. Area

N/A

About 523* Thorold Road

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. **EXTRAS** **INTERBOARD LISTING: NIAGARA REAL ESTATE ASSOC** 523-537 Thorold Road

Home Overview

Last updated

Feb 14

Virtual tour

None

Basement information

Building size

3.07

Status

In-Active

Property sub type

Land

Maintenance fee

$N/A

Year built

2023

Listed by COLLIERS INTERNATIONAL NIAGARA LTD.

Additional Details

Basement:N/A
Cooling:N/A
Heating:N/A
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$34373.90/ month
$7,200,000 Principal and Interest
$8,640,000 Property Taxes

Location

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