523* Thorold Road, Welland | Image 1

523* Thorold Road

Welland

  • Commercial

$X,XXX,XXX
For Sale

Added 6 months ago

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  • Type: Land

  • Property Type: Commercial

  • Business Type: Residential

  • Zoning: H-RH-125

  • Age: No Data

  • Taxes: 16074

  • MLS®#: X8479884

  • Days on Site: 1 Days

  • Added: Jun 25, 2024 (6 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: COLLIERS INTERNATIONAL NIAGARA LTD.

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

Property

  • Status: Sale

  • Type: Residential

  • Property Type: Land

  • Property Type: Designated

  • Area: Welland

  • Availability Date: TBD

  • Assessment Amount: $891,000

  • Assessment Year: 2023

Utilities

  • Utilities: Available

Building

  • Freestanding: Y

  • Water Supply: Municipal

Fees

  • Tax Year: 2024

  • Tax Legal Description: ART TOWNSHIP LOT 254 THOROLD, BEING PARTS 1 & 2 ON 59R17533 AND

  • Taxes: $16,074

  • Taxes Type: Annual

Land

  • Cross Street: east of South Pelham

  • Municipality District: Welland

  • Parcel Number: 640960343

  • Sewer: San Avail

  • Lot Depth: 411.13 Feet

  • Lot Frontage: 321.39 Feet

  • Zoning: H-RH-125

Commercial Specific

  • Sprinklers: N

  • Total Area: 3.07

  • Total Area Metric: Acres

  • Lot Code: Lot

  • Survey: Y

Map of 523* Thorold Road, Welland
7-8

ÉIC Jean-Vanier

Elementary: Catholic
1.16 km
JK-6

École élémentaire Nouvel Horizon

Elementary: Public
2.11 km
JK-8

ÉÉC du Sacré-Coeur-Welland

Elementary: Catholic
1.14 km
JK-8

Alexander Kuska KSG Catholic Elementary School

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2.10 km
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Holy Name Catholic Elementary School

Elementary: Catholic
1.27 km
JK-8

Gordon Public School

Elementary: Public
0.36 km
9-12

École secondaire Confédération

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4.99 km
9-12

Eastdale Secondary School

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5.01 km
9-12

ÉSC Jean-Vanier

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4.09 km
9-12

Centennial Secondary School

Secondary: Public
1.30 km
9-12

E L Crossley Secondary School

Secondary: Public
5.16 km
Pre-Grade 9-12

Notre Dame College School

Secondary: Catholic
2.93 km