138 × 132 ft (18,241 sq ft)

Overview

This lot in Thorold is for sale offering roughly 18,245 sq ft of space.

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Description

Discover a prime development opportunity in Thorolds downtown core at 16 Ormond St South. This centrally located site, measuring 137x132 feet, is shovel-ready with zoning approvals for a 6-storey building. It presents a unique opportunity to offer affordable living solutions. Key Highlights include: Prime Downtown Location - Situated in the downtown core of Thorold, Ontario, this property is perfectly positioned to benefit from local amenities, public transportation, and community services. Ready for Development - With all approvals in place, this site is prepared for quick turn around and site plan. Versatile Development Options - Approved for either 40 1-bedroom apartments/condos or a 75-bed senior living/retirement home, catering to a diverse range of residents seeking living solutions. Further information and site package available upon request. (id:66096)

Property Details

MLS®: X8172154
Property Type: Vacant Land
Business Type: Residential
Zoning: C3
Interior Size: 18,245 ft²
Lot Size: 138 × 132 ft (18,241 sq ft)
Frontage: 137 ft
Property Tax: $17,336.84/yr
Listed: 693 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

693d

Thorold (Thorold Downtown) listings, avg age

81d

Price / ft²

$137

List price

$2.50M

Haho

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Listed by COLDWELL BANKER MOMENTUM REALTY, BROKERAGE · Sebastian Soccio-Marandola

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L2V)

This home lists at $2,499,000, about 31.2× the local median household income of $80,000.

Carrying it typically needs a household income of about $488,142 (20% down, 25-yr amortization, stress-tested) — roughly 510% above the area median.

Median household income: $80,000
Population: 19,795
Median age: 37.6
Owner / renter: 68% / 32%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L2V)

$2,499,000· $137/ft²

For sale

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Financing

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16 Ormond Street South, Thorold (Thorold Downtown) - Vacant Land for Sale