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$ 2,500,000
Est. payment | /mo
1 SqFt
$ 2,500,000
Est. payment | /mo
1 SqFt
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
Listed by COSMOPOLITAN REALTY
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