8
See all 8 photos
$749,850
Est. payment /mo
3 Beds
2 Baths
New
237 First AVE Welland, ON L3C 1Y7
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 767 - N. Welland
MLS Listing ID X13239440
Style 1 1/2 Storey
Bedrooms 3
Annual Tax Amount $3,689
Tax Year 2025
Property Sub-Type Detached
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.
Location
Province ON
County Niagara
Area Niagara
Rooms
Family Room No
Basement Full, Unfinished
Kitchen 1
Interior
Interior Features Sump Pump
Cooling Wall Unit(s)
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Double
Garage Spaces 1.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 120.0
Lot Depth 198.0
Total Parking Spaces 6
Building
Building Age 51-99
Foundation Poured Concrete
Others
ParcelsYN Yes
Listed by ROYAL LEPAGE NRC REALTY