237 First Avenue, Welland, ON L3C 1Y7
- $749,850
- 3
- BD
- 2
- BA
- 1,100
- SqFt
- List Price
- $749,850
- MLS#
- X13239440
- Status
- ACTIVE
- Type
- Single Family Residential
- SubType
- Detached
- Style
- 1 1/2 Storey
- Bedrooms
- 3
- Bathrooms
- 2
- Living Area
- 1100-1500
- Province
- ON
- Municipality
- Welland
- Area
- Niagara
- Neighborhood
- 767 - N. Welland
- Subdivision
- Corner Of First Ave And Thorold Rd
Property Description
PERFECT MINI-DEVELOPMENT POTENTIAL!!! This is a promising development opportunity for investors keen on creating an eight-townhouse site within walking distance of Niagara College. This lot is ideal for either demolishing the existing house to construct eight affordable townhouses or subdividing into three 40-foot frontage lots. With the HST rebate currently available, there is strong demand for land to secure pre-sales. Concept plans suggest the possibility of eight townhouse lots at approximately $100,000 per lot, with an additional $50,000 allocated for consulting and necessary official plan and zoning by-law amendments. Pre-consultations are recommended for any development initiatives, whether for three lots or eight townhouses. A demolition estimate is also available, and tenants are amenable to staying until demolition is required. This is an excellent opportunity for development and land acquisition in a prime student area near Niagara College. Concept plans for townhouse or detached lots available.
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Additional Information
- Taxes
- $3,689
- Heat Type
- Forced Air
- Heat Source
- Gas
- Air Conditioning
- Wall Unit(s)
- Lot Depth
- 198
- Kitchens
- 1
- Exterior
- Metal/Steel Siding
- Garage Spaces
- 1
- Garage Type
- Detached
- Pool
- None
- Parking Spaces
- 6
- Parking Type
- Private Double
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Listing courtesy of ROYAL LEPAGE NRC REALTY.