$749,850
237 First Avenue, Welland, ON L3C 1Y7
3 beds2 baths6 parking 1100-1500 ft²
Key facts
- MLS®
- X13239440
- Status
- New
- Type
- Detached
- Taxes
- $3,689
- Size
- 1100-1500 ft²
- Parking
- 6 total
- Listed
- 2026-06-04
- Brokerage
- ROYAL LEPAGE NRC REALTY
- Cross street
- Corner of First Ave and Thorold Rd
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.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.