$3,395,000

75 Ormond Street S

Thorold ON, L2V 3E9

Description

Multi-family development opportunity located at 75 Ormond Street South in Historic Thorold Ontario. Situated in the downtown core and close to the Welland Canal Water Way, this 1.7 acre property is approved for an 84 unit 7 storey multi family development. This site is exempt of development charges with potential savings of over two million dollars and is also within the Community Improvement Plan area which is eligible for development charge reductions as well as tax savings grants of up to ten years. In the heart of Niagara, in a thriving and growing community; this development site offers green space and water views and is in close proximity to historical parks and trails, transit, highways and surrounded by many amenities including schools, restaurants, shopping and much more. 75 Ormond Street is Located less than 10 minutes from Welland Canal Trail, Brock University, Niagara College, Pen Centre, Outlet Niagara, Meridian Centre. An existing on site building (approx. 5000 square feet) may be leased or used during the development process.

Details

MLS#30788497
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site172

Features

Acreage1.70
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Area Information
ProvinceON
CountyNiagara
CityThorold
Postal CodeL2V 3E9
Area5 - Thorold
Listing VS Median (in L2V 3E9)
Price:
$3,395,000
low | high
Med:
$3,395,000
50% of Average
On Site:
172
low | high
Med:
172
100% of Average
Listing Updated: 09/26/2020
ROSS BONCORE LogoMLS Number: 30788497
Listing Provided By:
ROSS BONCORE  of  FAMILY REALTY NIAGARA INC BROKERAGE
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