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. (id:51158)
| MLS® Number | X12444391 |
| Property Type | Vacant Land |
| Community Name | 878 - Sugarloaf |
| Amenities Near By | Highway, Public Transit |
| Size Interior | 1 Acres |
| Utility Water | Municipal Water |
| Acreage | Yes |
| Land Amenities | Highway, Public Transit |
| Size Depth | 343 Ft |
| Size Frontage | 183 Ft |
| Size Irregular | 1.141 |
| Size Total | 1.141 Ac |
| Size Total Text | 1.141 Ac |
| Zoning Description | Downtown Commercial (dc) Zone |
https://www.realtor.ca/real-estate/28950481/395-elm-street-port-colborne-sugarloaf-878-sugarloaf
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Be the First to Access to Reduced, Bank Owned, Must Sell, Bank foreclosures, Estate Sales, probate, coming soon and Off-Market Homes For Sales.
