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About the Listing 292607 -
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 Highlights
Status
Active
Days on Site
42
Property Type
Residential
MLS ®
X13239440
Year Built
Total Square Footage
1,100
Lot/Acreage
N/A
Interior Details
- Bedrooms: 3
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Wall Unit(s)
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished
- Other: Sump Pump
- Water:
Exterior Details
- Garage Capacity: 2 car
- Roof: Asphalt Shingle
- Others:
- Sewer: Sewer
- Parking Features: Private Double,Detached,Has Garage
Financial Details
- Tax Amount: $3,689
- Taxes w/Assessments: N/A
- Tax/Property ID: 640820048
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
237 First Ave Welland, ON L3C 1Y7
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