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Niagara,ON L3B 5N7
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 43 sqft
Price per Sqft $36,511
MLS Listing ID X11913299
Annual Tax Amount $180
Tax Year 2024
Property Description
Power of Sale .....This 43.6-acre parcel of former industrial land is in South Welland, Niagara, with easy access to key highways (58, 140, and 406), providing excellent exposure and transport options. Currently zoned O2 Community Open Space, the site has a range of permitted uses, including recreational facilities (arena, botanical garden, parks, etc.), community-oriented spaces (community center, play-lots, shelters), and ancillary uses like restaurants and retail establishments. The land is in an area designated as part of the Brownfield CIP (Community Improvement Plan), meaning it may require environmental remediation or assessment before redevelopment. Additionally, a portion of the site lies within the Niagara Gateway Economic Zone and Centre CIP area, which is designated as a "Strategic Location for Investment." This further highlights the area's potential for revitalization and development. Interestingly, despite the current O2 zoning, the City of Welland has shown interest in converting this land back to industrial use, which could offer significant redevelopment opportunities for industrial or commercial projects. In summary, this site provides a unique opportunity for developers interested in open space or community-oriented development, while also offering the potential for industrial redevelopment, depending on future zoning decisions by the city. This property is being sold as is, where is. The Seller makes no representations regarding the state of the property. Please see attached permitted uses. Buyer to do their own due diligence.
Location
Province ON
County Niagara
Community 772 - Broadway
Area Niagara
Zoning O2
Region 772 - Broadway
City Region 772 - Broadway
Exterior
Utilities Available Available
Lot Frontage 43.6