75 Ormond St N 1.7 Acres of Residential Land in Thorold, ON L2V 1Z3

This is Your Once in a Lifetime Land Development Opportunity in the Heart of the Historical City of Thorold, Ontario! Located in the charming city of Thorold, this is your rare development opportunity to purchase 1.70 acres (74,052 sf) of prime land. The site, located along Ormond Street, provides two access points and has full municipal services available. This land development site is currently undergoing approval for rezoning to accommodate high density residential for a proposed redevelopment to include a 9-14 storey multi-residential building with a GFA of 249,541 sf, total of 241 units and a combination of surface and underground parking. Due diligence has been completed with Phase 1 and 2 Environmental Site Assessments complete, as well as Site Remediation cost estimates. This prime location offers easy access to the greater Niagara Region with only a 15-minute drive to Niagara Falls and 1.5 hours to Toronto. Known as a “canal town”, Thorold holds a historical connection to shipping and industry with its 19th century buildings. The charming historical downtown is known for boutiques, cafes and pubs. With lots of natural beauty surrounding Thorold, such as parks, green space and Lake Gibson, the city offers a slower paced lifestyle appealing to retirees, families and students. Opportunity for developers, REITs, and institutional investors to acquire and develop this high potential site! Please contact me today if you're interested in more details on this exciting land development opportunity!