16 ORMOND STREET S, Thorold (Thorold Downtown)

$2,499,000

For sale: Vacant Land

Vacant Land at 16 ORMOND STREET S, Thorold (Thorold Downtown)
Property type
Land
MLS®
MLS® X8172154
Neighbourhood
557 - Thorold Downtown

Discover a prime development opportunity in Thorolds 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.

Sold data

Homes in Thorold Downtown — recent sold market

Homes in Thorold Downtown took a median of 28 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 62, across 109 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 81 days.

The median sale price was $524,900.

Homes sold for about 3.4% below asking on average, so there was room to negotiate.

About 11% of sales closed above the list price.

Around 27% of sellers reduced their price before finding a buyer.

Median days to sell
28
Median sale price
$524,900
Sale-to-list ratio
96.6%
Sold above asking
11%

Based on 109 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Thorold (Thorold Downtown)

Thorold (Thorold Downtown) has 6 Fraser Institute–rated schools (5 elementary and 1 secondary), averaging 7.5/10.

Rated schools
6
Elementary
5
Secondary
1
Average rating
7.5 / 10

Top-rated schools in Thorold (Thorold Downtown)

  • Ontario — elementary, ThoroldFraser rating 9.1/10
  • Westmount — elementary, ThoroldFraser rating 8.9/10
  • Prince of Wales — elementary, ThoroldFraser rating 7.0/10
  • Thorold — secondary, ThoroldFraser rating 6.8/10
  • Holy Rosary Catholic — elementary, ThoroldFraser rating 6.6/10
  • Richmond Street — elementary, ThoroldFraser rating 6.5/10

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

Currently for sale

Homes for sale near 16 ORMOND STREET S