For Sale - 237 First Avenue, Welland, Ontario

Est payment $3,601/mo
Views   2
Time on Jump  77 day
  • 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 Agency:  ROYAL LEPAGE NRC REALTY

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237 First Avenue
Welland , Ontario
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