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    For Sale - 71 Nickel Street, Port Colborne, Ontario

    Est payment $2,113/mo
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    Views   4
    Time on Jump  103 day

    AI Summary *

    • 6-unit development site nearly ready for construction with permits in progress.
    • Includes four 2-bedroom townhomes and two additional residential units.
    • Designed for rental housing with potential development charge incentives.
    • Great location in the East Village, near beach and downtown amenities.
    • Opportunity to acquire advanced project without starting from scratch.




    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.
    Listing IDX13585954
    Address71 Nickel Street
    CityPort Colborne, Ontario
    Price$440,000
    StyleOther, Vacant Land
    ConstructionOther
    TypeVacant Land
    StatusFor Sale

    Subtype Vacant LandIndoor Features OtherOwnership FreeholdWaterfront NoneBasement OtherFoundation OtherHeating / Cooling OtherHeating Fuel OtherSewer Other

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    Listing Brokerage: ROYAL STAR REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    71 Nickel Street
    Port Colborne , Ontario
    $440,000
    Get more info