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237 FIRST AVENUE, Welland (N. Welland)

3 BEDS · 2 BATHS · 1100 - 1500 sqft

$749,850

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.

General Info


MLS Listing ID: X13239440 Bedrooms: 3 Bathrooms: 2 Year Built: 0
Listing Type: Single Family Half Baths: 1 Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Poured Concrete Roof: N/A Title To Land: Freehold Parking Space Total: 6
Parking: N/A Heating: Forced air Size: 1100 - 1500 sqft Air Conditioning : Wall unit
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: Full (Unfinished)
Water Supply: Municipal water Road Type: N/A Pool Type: N/A

Amenities/Features


  • Sump Pump

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