16 Ormond Street S, Thorold, ON L2V 1Y1

$2,499,000

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List Price
$2,499,000
Price Change
▼ $351,000 1782463833
MLS#
X8172154
Status
ACTIVE
Type
Commercial
SubType
Land
Province
ON
Municipality
Thorold
Area
Niagara
Neighborhood
557 - Thorold Downtown
Subdivision
Ormond/Clairmont

Property 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.

Additional Information

Taxes
$17,336
Lot Depth
132

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Calculator source: Real Geeks

Listing courtesy of COLDWELL BANKER MOMENTUM REALTY, BROKERAGE.