237 FIRST AVENUE
Welland (N. Welland), Ontario
MLS® X13239440
$749,850
- Status
- Active
- Property type
- House
- MLS® number
- X13239440
- Bedrooms
- 3
- Bathrooms
- 2
- Year built
- —
1 / 8Listing 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.
Property summary
- MLS® number
- X13239440
- Property type
- Single Family
- Building type
- House
- Title
- Freehold
- Land size
- 120 x 198 FT
- Annual property taxes
- $3,689.00
- Parking
- 6 spaces · Detached Garage, Garage
- Days on market
- 131 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Wall unit
- Basement
- Unfinished, Full
- Appliances
- Water meter
- Exterior features
- Steel
- Lot features
- Sump Pump
What would this home cost you?
Based on the $749,850 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE NRC REALTY, FONTHILL.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.