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Price Change · Listed Mar 25, 2024 · 945 days on market

16 Ormond Street S, Thorold, ON L2V 1Y1

$2,499,000

Commercial · Land · 18245 sq ft · For Sale

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.

Property summary

TypeCommercial
SubtypeLand
Business typeResidential
Building area18245 Square Feet
Lot size137.95 × 132.23 ft
Taxes$17,337 / yr
PossessionFlexible
OccupantVacant
Property
Lot width137.95
Lot depth132.23
Power & Services
SewerSanitary+Storm
UtilitiesYes
Zoning & Taxes
Taxes / yr$17,337
Tax year2026
Interested in this property?
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Data provided by TRREB. Listed by COLDWELL BANKER MOMENTUM REALTY, BROKERAGE.

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