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









