Stanley Ave Condos Listing Details & Market Data

FIRSTLY: SURFACE RIGHTS ONLY, PART RANGE 6, PLAN 1 STAMFORD AS IN ST40172; SECONDLY: SURFACE RIGHTS ONLY, PART RANGE 5, PLAN 1 STAMFORD, PART 11 PLAN 59R16390; THIRDLY: PART LOT 13, PLAN 41 STAMFORD, PART 10 PLAN 59R16390; FOURTHLY: SURFACE RIGHTS ONLY, PART LOTS 1 TO 7, PLAN 41 & PART RANGES 5, 6 & 7, PLAN 1, PART 1 PLAN 59R16390, PART RANGE 6, PLAN 1, PARTS 2 & 3 PLAN 59R16390, PART RANGE 5, PLAN 1, PARTS 4, 5, 6, 7 & 8 PLAN 59R16390, PART LOTS 1 & 2, PLAN 41, PART 9 PLAN 59R16390 SUBJECT TO AN EASEMENT OVER PART 2 PLAN 59R16390 AS IN SN105982 SUBJECT TO AN EASEMENT OVER PART 3 PLAN 59R16390 AS IN ST50177 SUBJECT TO AN EASEMENT OVER PARTS 4 & 5 PLAN 59R16390 AS IN ST50637 SUBJECT TO AN EASEMENT OVER PARTS 5, 6, 7 & 8 PLAN 59R16390 AS IN ST25642 SUBJECT TO AN EASEMENT OVER PART 7 PLAN 59R16390 AS IN ST15738 SUBJECT TO AN EASEMENT OVER PART 9 PLAN 59R16390 AS IN RO470993E CITY OF NIAGARA FALLSPROJECT DESCRIPTION Stanley Ave, Condos is a 3.67-acre site located at 6663 - 6683 Stanley Avenue and 5640 - 5582 Dunn Street, Niagara Falls, Ontario. The subject property is planned as three 30-storey buildings and a combined gross floor area of 997,773 square feet. Parking for the development will be provided by way of 327 underground spaces and 574 above-ground spaces, including 20 accessible spaces. The breakdown of the development is as follows: Building 1: 30-storey mixed use building with 300 units and ground floor commercial. Building 2: 30-storey residential building with 308 units Building 3: 30-storey residential building with 275 units LOCATION Located within Niagara Falls’ tourism district, occupying a prominent corner location at the intersection of two arterial roadways (Stanley Ave. and Dunn St.), the surrounding area is a popular tourist destination and offers a multitude of hotels, restaurants, and attractions. The site fronts onto Stanley Avenue, which is the main arterial roadway for North-South travel within the Niagara Falls tourist node. The subject also has frontage onto Dunn Street, a main roadway providing East-West travel. Access onto Highway 420 is available approximately 2 kilometres North of the subject, traveling along Stanley Avenue. Highway 420 connects with the Queen Elizabeth Way which provides regional access. Local and regional bus transit service is available within proximity to the site via Niagara Falls Transit. Overall, access is very good as the subject is close to multiple major roadways and transit routes. PLANNING & APPROVALS In late 2020, a zoning by-law amendment application (no. AM-2020- 016) was submitted to the City of Niagara Falls. A public open house was held on January 13, 2021, to receive public feedback regarding the proposal. On September 14, 2021, Niagara Falls City Council approved the Zoning Bylaw Application (no. AM-2020- 016) to permit the development. The approval is a site-specific exception within the Tourist Commercial Zone.