Thorold - 557 - Thorold Downtown
Thorold - 557 - Thorold Downtown
Sold For$2,600,000
Listed For $2,750,000
Sold May 2022
Multi-family development opportunity located at 75 Ormond Street South in Historic Thorold Ontario. Situated next to the downtown core & close to the Welland Canal Water Way, this 1.7 acre property is approved for an 84 unit 7 storey development. The site has existing municipal water/sanitary service infrastructure along Richmond Street which may be extended to the site. The subject land is within the Community Improvement Plan area & is eligible for incentives offered under the Plan (Development Charge Rebate, Brownfields Municipal Tax Incentive Program, Tax Increment-Financing Program). Already in place: Official Plan Amendment, Zoning By-Law Amendment, Draft Plan Condominium, Landscape Plan. An existing on site building (approx. 5000 square feet) has the potential be leased or used duri
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* Values are estimates only and not a guarantee of lending or affordability.