Vacant Land For Sale - 523-537 THOROLD Rd, Welland, Ontario L3C 3W9

location_on 523-537 THOROLD Rd, Welland

Vacant Land

523-537 THOROLD Rd

Welland, Ontario L3C 3W9

$9,000,000

For Sale

Property Information

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.

Basic Details
Property Type : Vacant Land
Listing Type : For Sale
Listing ID : X9411937
Price : $9,000,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 145
Address
Postal Code : L3C 3W9
City : Welland
Street : THOROLD
Street Number : 523-537
Street Suffix : Rd
Floor Number : 0
Longitude : W80° 43' 16''
Latitude : N43° 0' 13.5''
Features
Swimming Pool : None
Elevator : N
Brokerage
Office Name : COLLIERS INTERNATIONAL NIAGARA LTD.
Extra Information
Acreage : 2-4.99
Address : 523-537 THOROLD Rd
Area : Niagara
Area Code : 46
living_area : 0
living_area_unit : Sqft
Community : 769 - Prince Charles
Fireplace/Stove : N
Garage Spaces : 0.0
Lease : Sale
Municipality Code : 46.08
Municipality District : Welland
Tax Year : 2024
Total Parking Spaces : 0.0
Type : .V.
Virtual Tour : https://www.collierscanada.com/en-ca/properties/30
Water : Municipal
Zoning : H-RH125

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523-537 THOROLD Rd Welland, Ontario L3C 3W9