71 Nickel Street,Port Colborne, ON L3K 1B5
Port Colborne, ON L3K 1B5
Description
6-UNIT DEVELOPMENT - FINAL STEPS TO BUILDING PERMIT: Acquire a highly advanced infill development and skip much of the lengthy planning and approval process. This vacant development site is designed for six residential units - four contemporary 2-bedroom street townhomes plus two additional residential units - and has progressed through most of the municipal approval and building permit process. Offered at approximately $73,333 per proposed unit, this is an opportunity for a builder, developer or investor to acquire a project already significantly advanced toward construction rather than starting with raw land and navigating the municipal approval process from the beginning. Designed as a purpose-built rental development, the project may qualify for applicable rental housing. Development Charge incentives/payment provisions. Buyer to confirm eligibility and applicable amounts with the City. Minimal municipal reviews and requirements remaining. The City will progress the remaining reviews following payment of applicable permit fees and Development Charges. Located in Port Colborne's evolving East Village/waterfront area, close to Nickel Beach, the Welland Canal, marina, downtown shops, restaurants and waterfront recreation. Vendor Take Back financing may be available to a qualified buyer. Artist's renderings illustrate the proposed development and are provided for visualization purposes only. Property is being sold as vacant development land together with the applicable plans and existing municipal approvals/reviews. Buyer to complete independent due diligence regarding the status and transferability of plans, approvals and permit application; outstanding municipal reviews and requirements; Development Charges and available incentives/deferrals; permit and other municipal fees; servicing; construction costs; projected rents; and financing. Building permit issuance remains subject to completion of all outstanding municipal requirements and final City approval.
Details
| MLS # | X13585954 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Extension |
| Year | 0 |
| Days On Site | 107 |
| Listing Provided By | ROYAL STAR REALTY INC. | X13585954 159800 |
Features
| Acreage | 0.02 |
|---|---|
| Water Front | None |
Interior
| Interior Features | Other |
|---|---|
| Cooling | Other |
| Heat Source | Other |
| Fireplace Yes / No | No |
Exterior
| Roof | Other |
|---|---|
| Foundation Details | Other |
| Construction Materials | Other |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Other |
Utilities
| Sewer | Other |
|---|
Taxes
| Tax Annual Amount | 2337.46 |
|---|---|
| Tax Legal Description | PT LT 12 E/S MITCHELL ST PL 849 PORT COLBORNE BEING PT 1 ON 59R12508 ; PORT COLBORNE AND PT LT 12 E/S MITCHELL ST PL 849 PORT COLBORNE PT 2 59R12508; PORT COLBORNE |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Niagara |
| City | Port Colborne |
| Postal Code | L3K 1B5 |
| Area | 876 East Village |
| Listing VS Median (in L3K 1B5) | |
Price: $440,000 low | high Med: $0 On site: 107 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | Port Colborne |
| Postal Code | L3K 1B5 |
| Area | 876 East Village |
| Listing VS Median (in L3K 1B5) | |
Price: $440,000 low | high Med: $0 On site: 107 low | high Med: | |
