This is a fantastic opportunity for mid size Rental Apartment , Condo for Market , Sr. housing and there is no way you can find this size project at this price in such market.
- Land size 75,000 sqf (1.76 acres)
- Price $2.9 Million
- Gross Floor Area 76,000 to 114,000 sq ft
- Floor print GFC 19,000 sqf
- Proposed units 109
- Underground Parking 110
- Surface parking 40
- No VTB Cash purchase
- Current zoning High density residential—allows for medium density residential /official plan designates for 5-8 stories
- Zoning: RH 43 Residential High Density EP Environmental Protection Overlay
- Services: Municipal Services in vicinity of Property
- Transit access: Public Transit available at the door
- Incentives: Brownfield Community Improvement Plan (CIP)
- The Town of Welland has many incentives to revitalize the downtown
- This property backs close to the canal
- Permitted Uses:
- Apartment Dwelling
- Boarding and Lodging House
- Day Care Centre
- Group Home
- Home Occupation
- Restaurant
- Retail Establishment
- Grocery Store / Supermarket
- Accessory Uses, Buildings and Structures
The vendor had a pre consultation with the region and with the town of welland
The vendor has commissioned a rental study for the area
The town is very anxious for this development.
Rough design plans have been made
Welland council considering five four-storey condo buildings on Riverside Drive
https://www.stcatharinesstandard.ca/news/council/2022/02/19/welland-council-considering-five-four-storey-condo-buildings-on-riverside-drive.html
Let me know if you wish to sign the BRA and CA for Data Room access?
Regards