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$ 2,500,000
Est. payment /mo
Active
395 Elm ST Port Colborne, ON L3K 4P3
1 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $2,500,000
Subdivision 878 - Sugarloaf
MLS Listing ID X12444391
Annual Tax Amount $15,079
Tax Year 2025
Property Sub-Type Land
Property Description
Attention Builders! Ready-to-build 78-unit apartment site in booming Niagara. Draft approved, CMHC Financing Eligible, minutes to downtown, beaches, and new $3.6B hospital. Rare $32K/ per door opportunity- act fast! An exceptional opportunity for builders and developers to secure a fully draft site plan approved apartment project in Port Colborne, one of Niagara's fastest-growing communities. This 1.14-acre downtown commercial site is approved for a 6-storey, 78-unit building (approx. 76,000 sq.ft. GFA) with 86 parking spaces and a modern mix of 1- and 2-bedroom layouts. Qualifying for CMHC financing, the project allows investors to maximize leverage and long-term stability. Port Colborne is on the rise, with nearly 25% population growth projected by 2031, the new $3.6B South Niagara Hospital opening in 2028, and a booming tourism economy with 70+ cruise ship visits in 2025. At just $2,500,000 (~$32,051/door), this rare, shovel-ready site offers approvals, incentives, and unmatched growth potential in one package.
Location
Province ON
County Niagara
Community 878 - Sugarloaf
Area Niagara
Zoning DOWNTOWN COMMERCIAL (DC) ZONE
Exterior
Community Features Major Highway, Public Transit
Utilities Available Available
Lot Frontage 183.04
Lot Depth 343.01
Others
ParcelsYN No
Listed by COSMOPOLITAN REALTY
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