An exciting apartment project backing onto Welland’s Maple Park. This 3.05 acre parcel has been Rezoned high-density with a total of 228 condo units along with a minimum of 242 parking spaces (more are possible if developer chooses). Conveniently located just east of South Pelham where two traffic arteries connect, the site provides access to shopping, grocery, medical facilities, and public transit. The project is designed for two large, mirrored 8 storey condo apartments connected to Maple Park at the south of the parcel and two smaller 4 storey mid-rise apartments fronting onto Thorold Rd. The site elevations and geotechnical studies were conducive to an underground parking system allowing developer to maximize greenspace, common corridors and allow for phasing. Perfect as a condo build out or a purpose built rental to allow for 100% recovery of HST. This project is very attractive with lots of opportunity. Plans are submitted for site plan review. Ideal situation would be 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. Various purchase options to consider, including partial VTB, share purchase and creative opt-ins with a qualified offer/buyer. (id:47421)
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Detailed Information
Lot
321 x 411 ft
Amenities Nearby
Public Transit, Schools
Community Features
High Traffic Area
Listing Contract Date
2024-04-04
Location Description
Thorold Rd, between South Pelham and Clare Ave. Backing onto Maple Park
Ownership Type
Freehold
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
RH125
Building
Basement Type
None
Utility Water
Municipal water
Land
Total Size
2 - 4.99 acres
Acreage
Yes
Amenities
Public Transit, Schools
Sewer
Municipal sewage system
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