523-537 Thorold Rd
Welland, L3C 3W9
FOR SALE
$9,690,000
Terminated
$0
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2024-04-04 | 2024-06-05 | 62 | $9,690,000 | - | Terminated |
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Property Description
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.
Extras
Ideal Situation Would Be 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.
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