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    For Sale - 1 DREW Street, Welland, Ontario

    Est payment $5,762/mo
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    Views   1
    Time on Jump  56 day

    AI Summary *

    • Residential development site zoned for various dwelling types including townhomes and apartments.
    • Lot size of approximately 0.7 hectares offers ample space for development.
    • Current zoning allows for potential of up to 16.8 dwelling units per hectare.
    • City appears open to increasing density with various incentive programs available.
    • Multiple access points for development enhance site flexibility and potential.




    Residential development site. Property is zoned rl2 which allows for singles, semis, townhomes and multiple dwellings. Lot is approximately 0. 7 hectares. Current official plan allows for maximum density of 24 units per net hectare which equates to 16. 8 units. Application could be made to apply for a potential change to medium density of 25 to 60 dwelling units and as high as a 6 storey building or to a high density zoning which would allow for 61 to 125 dwelling units per net hectare and up to an 8 storey apartment building. Free pre-consultation virtual appointments available with the city. According to city staff, the city appears open to moving the development of this property to a higher density. Phase one environmental site assessment and a proposal for a phase two esa were completed in the past. Potential offers from city regarding brownfield incentives such as site assessment grant for phase two and if clean up is required there is a tax increment grant program, rebates of planning and building fees, city and regional development charges exemption, etc. See city planning staff for complete details. Although mpac states frontage of 120 feet, the property technically has its frontage on kline's avenue with two frontages there - one being 25 feet and one 60 feet on the unimproved portion at end of kline's avenue. Potential access for development also from drew street. Note: known as 1 drew street however no actual municipal address.
    Listing IDX12764630
    Address1 DREW Street
    CityWelland, Ontario
    Price$1,200,000
    StyleVacant Land
    Land Size1.86
    TypeVacant Land
    StatusFor Sale

    Subtype Vacant LandOwnership FreeholdWaterfront NoneSewer None

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    Listing Agency:  RE/MAX HENDRIKS TEAM REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    1 Drew Street
    Welland , Ontario
    $1,200,000
    Get more info