523-537 THOROLD Rd

Welland | 769 - Prince Charles | L3C 3W9
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$9,000,000

Est. Mtg $30,517 /mo
  • Days on market

    152

  • Status

    New

Listing Broker COLLIERS INTERNATIONAL NIAGARA LTD.
Since listed: 0 views

Home details

MLS #:

X9411937

Property type:
Vacant Land
Style:
Taxes:
$16,074
Possession:
Other
Lot Front:
321.39   Acres
Lot Depth:
411.13   Acres
Basement:
|
Driveway Pkg:
0
Heat:
|

Description


523-537 THOROLD Rd, , Welland, Ontario is a Vacant Land property in Welland and in the 769 - Prince Charles community in the L3C 3W9 postal code


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..

Extras

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History

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List Date End Date List Price End Price Status MLS #
2024-06 2024-11 $9,000,000 $9,000,000 New X9411937

Comparables

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sold Date Address List Price sold Price DOM
2024-09 253 NIAGARA St, $250,000 $272,727 1
2023-08 122 MANOR Rd, $699,900 $670,000 40
2022-09 62 ELGIN St, $299,900 $299,900 13

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Welland :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 523-537 THOROLD Rd

Based on available 3rd party data

$31992

Approximate costs per month

Mortgage
$30517 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$1339 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker COLLIERS INTERNATIONAL NIAGARA LTD.
Data Source: TRREB

Payment calculator

$31857 monthly. In association with: TD Bank
%
  • Principal and Interest
    30517 /mo
  • Property Taxes
    $1339 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Ali Norouzi, Realtor

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