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$ 440,000
Est. payment /mo
Active
71 Nickel ST Port Colborne, ON L3K 1B5
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
Approx. Sqft < 700
Subdivision 876 - East Village
MLS Listing ID X13585954
Style Other
Annual Tax Amount $2,337
Tax Year 2026
Property Sub-Type Vacant Land
Property 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.
Location
State ON
County Niagara
Area Niagara
Rooms
Family Room No
Basement Other
Kitchen 0
Interior
Interior Features Other
Cooling Other
Fireplace No
Heat Source Other
Exterior
Parking Features Other
Pool Other
Waterfront Description None
Roof Type Other
Lot Frontage 40.23
Lot Depth 16.7
Building
Foundation Other
Others
ParcelsYN No
Virtual Tour https://youtu.be/eO_5miOPR7A
Listed by ROYAL STAR REALTY INC.
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