$440,000
For sale: Other

Rare Permit-Ready Infill Development Opportunity In Port Colborne's Evolving East Village/Waterfront Area. Approved Plans Provide For Four Contemporary 2-Bedroom Street Townhomes Plus Two Additional Dwelling Units (6 Residential Units Total), Thoughtfully Designed To Maximize Density, Rental Flexibility And Long-Term Value. Located Steps To Nickel Beach And Minutes To The Welland Canal, Marina, Downtown Shops, Restaurants And Waterfront Recreation. Modern Architectural Concept Includes Contemporary Mixed Facadem Expansive Glazing And Private Balcony Spaces For Upper-Level Units. Municipal Water And Sewer Available. An Excellent Opportunity For A Builder, Developer Or Investor Seeking An Approved Multi-Unit Project In A Growing Waterfront Community. Buyer To Complete Independent Due Dilligence Regarding All Approvals, Costs, Development Charges, Incentives, Zoning, Servicing, Rents And Financing. Artist's conceptual renderings are included to help visualize the approved development potential of the property. The renderings (photo and video) are illustrative only and are not intended to be an exact representation of the approved architectural plans. The property is being offered as vacant land together with the applicable development approvals not as a completed structure.
Sold data
Homes in Port Colborne (East Village) took a median of 32 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 71, across 71 recorded sales.
The median sale price was $509,900.
Homes sold for about 3.1% below asking on average, so there was room to negotiate.
About 7% of sales closed above the list price.
Around 30% of sellers reduced their price before finding a buyer.
Based on 71 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Port Colborne (East Village) has 10 Fraser Institute–rated schools (8 elementary and 2 secondary), averaging 6.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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