location_on 523-537 Thorold Rd, Welland

Vacant Land

523-537 Thorold Rd

Welland, Ontario L3C 3W9

$9,690,000

For Sale

Property Information

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.

Basic Details
Property Type : Vacant Land
Listing Type : For Sale
Listing ID : X8204310
Price : $9,690,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 0
Address
Province : Ontario
City : Welland
Postal Code : L3C 3W9
Street : Thorold
Street Number : 523-537
Street Suffix : Rd
Floor Number : 0
Longitude : W80° 43' 11.8''
Latitude : N43° 0' 13.4''
Brokerage
Office Name : BOSLEY REAL ESTATE LTD.
Extra Information
Acreage : 2-4.99
Address : 523-537 Thorold Rd
Area : Niagara
Area Code : 46
living_area : 0
living_area_unit : Sqft
Extras : Ideal situation would be for a prospective develop
Lease : Sale
Municipality Code : 46.08
Municipality District : Welland
Tax Year : 2024
Type : .V.
Water : Municipal
Waterfront : None
Zoning : RH125

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523-537 Thorold Rd Welland, Ontario L3C 3W9