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359 King St 0.93 Acres of Commercial Land Offered at $1,150,599 USD in Welland, ON L3B 4M3
Investment Highlights
- Vacant development land
- Proximity to Welland Canal
- Access to public transit
Executive Summary
Prime Development Land with beautiful views of Welland Canal in downtown Welland! Almost an acre in size (0.93 Acres). Current Zoning is DMC. Several Allowable uses included apartment building, condos, hotel, plaza and many more. Please refer to attached for allowable uses from the zoning bylaws. Proposed drawings for 182 Apartments or condominiums available upon request. A potential for a Rental Building with CMHC Financing can also be explored with Surface Parking or Underground Parking.. A pre-construction meeting has been completed, notes for which are available upon request.
Environmental reports on phase 1 and phase 2 will be provided upon offer.
Environmental reports on phase 1 and phase 2 will be provided upon offer.
Property Facts
| Price | $1,150,599 USD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.93 AC |
| Zoning | DMC | ||
| Price | $1,150,599 USD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.93 AC |
| Zoning | DMC |
1 Lot Available
Lot
| Price | $1,150,599 USD | Lot Size | 0.93 AC |
| Price Per AC | $1,237,203.21 USD |
| Price | $1,150,599 USD |
| Price Per AC | $1,237,203.21 USD |
| Lot Size | 0.93 AC |
Prime Development Land with beautiful views of Welland Canal in downtown Welland! Almost an acre in size (0.93 Acres). Current Zoning is DMC. Several Allowable uses included apartment building, condos, hotel, plaza and many more.
Description
Prime Development Land with beautiful views of Welland Canal in downtown Welland! Almost an acre in size (0.93 Acres). Current Zoning is DMC.
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
70/100
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359 King St
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