120 Foss rd
Pelham, ON L0S 1C0 Pelham/Wainfleet

An exceptional opportunity to invest in a prime 25-acre parcel nestled between two rapidly growing urban centers—Fonthill and Welland. This unique property offers immediate utility with income potential and long-term development upside.

This 87,898 sq. ft. site on Hamilton Centre Mountain offers strong potential for medium to high-density redevelopment. Surrounded by key amenities, schools, and major roadways, the area is experiencing rapid growth with several nearby high-density projects underway. Three of four properties generate holding income through existing residential tenancies, making this a strategic and income-producing investment opportunity.

Potential Development Project: The subject site at 120 Foss Rd. has been identified—alongside adjacent properties—for potential inclusion within the Town of Pelham’s urban boundary as part of the ongoing Official Plan update.

Generate income while awaiting development approvals. The property offers multiple revenue streams:
- Horse Stalls: 53 stalls × $250 minimum each = $13,250/month
- Main Residence: Lease separately at approximately $3,000/month
- Dog Breeding Kennel: Rent as an independent operation at approximately $4,000/month
- Alternative Option: Instead of renting stalls individually, the entire facilities can be leased to a horse training school under a comprehensive agreement (rate to be determined).
- Estimated Monthly Revenue (if rented individually): $13,250 + $3,000 + $4,000 = $20,250/month

Currently, there is an emerging application that would initiate a technical review meeting with municipal staff. This process aims to evaluate the area's development potential and assess the feasibility of future land use changes. This initiative is being led by a reputable land use planning and development consultancy.