75 Ormond Street S, Thorold, ON

$3,395,000

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1.70

Acres

About 75 Ormond Street S

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.

Features of 75 Ormond Street S

MLS® # 30788497
Price $3,395,000
Bathrooms 0.00
Acres 1.70
Type Land
Sub-Type Land, Residential Building Lot
Status Active

Community Information

Address 75 Ormond Street S
Area Thorold
Subdivision Thorold Downtown
City Thorold
County Niagara
Province ON
Postal Code L2V 3E9

Amenities

Is Waterfront No
Has Pool No

Interior

Has Basement No

Exterior

Lot Description 316.71 x 217.52, Irregular shaped, 0.50 – 1.99 acres

Listing Details

AgentRoss Boncore
OfficeFAMILY REALTY NIAGARA INC, BROKERAGE

Listing Map

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