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    For Sale - 237 First Avenue, Welland, Ontario

    Est payment $3,601/mo
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    Views   2
    Time on Jump  126 day

    AI Summary *

    • Great development opportunity for investors near Niagara College.
    • Potential for eight townhouses or three 40-foot lots.
    • Strong demand for land with available HST rebate.
    • Demolition estimate available; tenants can stay until needed.
    • Concept plans ready for townhouse or detached lot development.




    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.
    Listing IDX13239440
    Address237 First Avenue
    CityWelland, Ontario
    Price$749,850
    Bed / Bath3 / 2 Full
    Style1 1/2 Storey, Detached
    ConstructionMetal/Steel Siding
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features Sump PumpOwnership FreeholdBasement Full, UnfinishedFoundation Poured ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 6.00
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    Listing Brokerage: ROYAL LEPAGE NRC 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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    237 First Avenue
    Welland , Ontario
    3 2 $749,850
    Get more info