Was listed for:Expired Jan 7, 2025
$2,850,000

16 Ormond Street S

Thorold (Thorold Downtown), ON L2V 1Y1

Vacant Land ExpiredNot available
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

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Sale & Price History for 16 Ormond Street S, Thorold, Thorold Downtown

2024-03-25
2025-01-07
Expired
Price
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MLS#
40560469

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 16 Ormond Street S, Thorold, Thorold Downtown

Discover a prime development opportunity in Thorold’s downtown core at 16 Ormond St South. This centrally located site, measuring 137x132 feet, is shovel-ready with zoning approvals for a 6-storey building. It presents a unique opportunity to offer affordable living solutions. Key Highlights include: Prime Downtown Location - Situated in the downtown core of Thorold, Ontario, this property is perfectly positioned to benefit from local amenities, public transportation, and community services. Ready for Development - With all approvals in place, this site is prepared for quick turn around and site plan. Versatile Development Options - Approved for either 40 1-bedroom apartments/condos or a 75-bed senior living/retirement home, catering to a diverse range of residents seeking living solutions. Further information and site package available upon request.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$15,171
Land Transfer Tax Fee
$57,725

Interior Features

Fireplace/Stove
No
Elevator
No

Building

Building Type
Land

Lot

Lot Front
137.95 ft
Lot Depth
132.32 ft

Area
Niagara
Municipality
Thorold
Neighbourhood
Thorold Downtown

MLS® number
40560469
Data source
MLS
Status change
2025-01-07
Listed on
2024-03-25
Days on market
288 days
Seller
Listed by
COLDWELL BANKER MOMENTUM REALTY, BROKERAGE

Home Market Value

Current home valuation for 16 Ormond Street S, Thorold, Thorold Downtown, Thorold, ON. Listed for $2,850,000

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 16 Ormond Street S, Thorold, Thorold Downtown

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Thorold, ON
Minimum Down Payment Required:20.0%

20% required for homes $1.5M or more

Minimum down payment

$570,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
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%
$
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%
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+CMHC insurance
$0$0$0$0
=Total mortgage
$2,280,000$2,137,500$1,995,000$1,852,500
Amortization
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%
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Payment frequency
=Mortgage payment
$11,132monthly$10,436monthly$9,741monthly$9,045monthly
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Land Transfer Tax

Provincial

$57,725

Total Land Transfer Tax

$57,725

Around this home

5/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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