MULTI-FAMILY DEVELOPMENT OPPORTUNITY

84 UNITS

PROPOSED 7 STOREY CONDOMINIUM APARTMENT DEVELOPMENT

New Possibilities

75 ORMOND STREET SOUTH, THOROLD, ONTARIO

Family Realty Niagara, as the listing brokerage, is pleased
to present this multi-family development opportunity at 75
Ormond Street South in Thorold Ontario. Situated in the
downtown core and close to the Welland Canal Water Way,
this unique property is an excellent candidate for a multistory
residential building.

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INVESTMENT HIGHLITES

  • PREFERRED LOCATION:
    Surrounded by many amenities such as schools, restaurants and much more. In the heart of Niagara, this development offers green space and water views and is very close to historical parks and trails. Situated in the downtown core close to transit, highways and Welland Canal.
  • RENTAL MARKET:
    Average rent is at an all time high in the area, up approximately 15% since 2017. There is an overflow of demand for those looking for prime location living accommodations.
  • The subject land is within the Community Improvement Plan area and is eligible for incentives offered under the Plan (i.e. development charge reduction, tax increment grants).

Location

FOR INFORMATION PLEASE CONTACT:

ROSS BONCORE 
Broker of Record

CHRISTIAN BONCORE
Sales Representative

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  • 302 Merrit Street Unit 6, St. Catharines, ON, L2T 1J9
  • Tel & FaX: 905.680.7368

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