Welcome to this remarkable vacant land located in the coveted neighborhood of 557 - Thorold Downtown. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $323,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
Prime Thorold Infill Lot-- High-Traffic Corner Lot In The Heart Of Downtown Thorold. This Vacant Land Consists Of Two Original Parcels (57 & 59 Ormond St N) Merged Into One PIN, Offering An Excellent Development Footprint With Strong Frontage And Visibility. Surrounded By Established Residential And Commercial Uses, With Easy Access To Amenities, Transit, And Major Routes. Mixed-Use Zoning Permits A Variety Of Residential And Commercial Uses. Ideal For Investors, Developers, Or Owner-Users Looking To Capitalize On Flexible Zoning And Strong Exposure In A Growing Niagara Market. Being Sold As Is. No Representations Or Warranties Are Made By The Seller.
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This vacant land located at 57 & 59 Ormond Street, Thorold is currently for sale and has been available on SousaSells for 165 days. This property is listed at $323,000 with an estimated mortgage of $1,075* per month. It has 0 beds, 0 bathrooms, and is unknown square feet. 57 & 59 Ormond Street, Thorold is in the 557 - Thorold Downtown neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 57 & 59 Ormond Street N, Thorold, ON L2V 1Z3
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Thorold.
About Purchasing a Home in Thorold, ON
For a property listed at $323,000 in Thorold, the legal minimum down payment is $16,150 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $3,320 for this transaction. As this listing is in Thorold (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $3,320.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.