395 Elm Street Port Colborne, Ontario L3K 4P3

$2,500,000

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:50886)

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https://www.realtor.ca/real-estate/28950481/395-elm-street-port-colborne-sugarloaf-878-sugarloaf