Property Type:

Development Opportunity

Square Footage:

7.47 acres

This prime development opportunity is located at 230 Chapman Street, Port Dover, Ontario N0A 1N0. With 7.47-acres of property, this is an exceptional investment with OLT approval for a proposed development comprising 375 units, including townhouses and three six-storey apartments, with a Maximum Floor Area Ratioof 1.4. Architectural and engineering designs are completed, and the site is in the Site Plan Application phase with Draft Plan preparation underway.

The property benefits from a $2,000,000 Development Charge Credit due to its Brownfield Site status. Phase One & Two ESA's are completed, and updates are in progress.

In addition to its residential potential, the property offers opportunities for marine commercial use, taking advantage of Port Dover's active marine industry. Direct waterfront access, riverfront private docking, and a direct water view enhance the property's appeal.