71 NICKEL STREET, Port Colborne (East Village)

$440,000

For sale: Vacant Land

Vacant Land at 71 NICKEL STREET, Port Colborne (East Village)
Property type
Vacant Land
Living area
699 sqft
MLS®
MLS® X13585954
Neighbourhood
876 - East Village

6-UNIT DEVELOPMENT - FINAL STEPS TO BUILDING PERMIT: Acquire a highly advanced infill development and skip much of the lengthy planning and approval process. This vacant development site is designed for six residential units - four contemporary 2-bedroom street townhomes plus two additional residential units - and has progressed through most of the municipal approval and building permit process. Offered at approximately $73,333 per proposed unit, this is an opportunity for a builder, developer or investor to acquire a project already significantly advanced toward construction rather than starting with raw land and navigating the municipal approval process from the beginning. Designed as a purpose-built rental development, the project may qualify for applicable rental housing. Development Charge incentives/payment provisions. Buyer to confirm eligibility and applicable amounts with the City. Minimal municipal reviews and requirements remaining. The City will progress the remaining reviews following payment of applicable permit fees and Development Charges. Located in Port Colborne's evolving East Village/waterfront area, close to Nickel Beach, the Welland Canal, marina, downtown shops, restaurants and waterfront recreation. Vendor Take Back financing may be available to a qualified buyer. Artist's renderings illustrate the proposed development and are provided for visualization purposes only. Property is being sold as vacant development land together with the applicable plans and existing municipal approvals/reviews. Buyer to complete independent due diligence regarding the status and transferability of plans, approvals and permit application; outstanding municipal reviews and requirements; Development Charges and available incentives/deferrals; permit and other municipal fees; servicing; construction costs; projected rents; and financing. Building permit issuance remains subject to completion of all outstanding municipal requirements and final City approval.

Sold data

Homes in Port Colborne (East Village) — recent sold market

Homes in Port Colborne (East Village) took a median of 36 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 70, across 64 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 66 days.

The median sale price was $467,375.

Homes sold for about 4.5% below asking on average, so there was room to negotiate.

About 6% of sales closed above the list price.

Around 30% of sellers reduced their price before finding a buyer.

Median days to sell
36
Median sale price
$467,375
Sale-to-list ratio
95.5%
Sold above asking
6%

Based on 64 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

Schools in Port Colborne (East Village)

Port Colborne (East Village) has 10 Fraser Institute–rated schools (8 elementary and 2 secondary), averaging 6.8/10.

Rated schools
10
Elementary
8
Secondary
2
Average rating
6.8 / 10

Top-rated schools in Port Colborne (East Village)

  • Steele Street — elementary, Port ColborneFraser rating 9.5/10
  • Oakwood — elementary, Port ColborneFraser rating 8.8/10
  • McKay — elementary, Port ColborneFraser rating 7.4/10
  • St Patrick Catholic — elementary, Port ColborneFraser rating 7.3/10
  • DeWitt Carter — elementary, Port ColborneFraser rating 7.1/10
  • Port Colborne — secondary, Port ColborneFraser rating 6.5/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 71 NICKEL STREET