237 First Avenue, Welland — For Sale in Welland
3 bed · 2 bath · Detached for sale in Welland.
237 First Avenue, Welland, ON L3C 1Y7
About This Property
Now for sale at 237 First Avenue in Welland: a 3-bedroom, 2-bathroom detached listed at $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. Ask agent for any concept plans for townhouse or detached lots.
Property Specifications
| MLS® Number | X13239440 |
|---|---|
| Status | For Sale |
| List Price | $749,850 |
| Property Type | Residential Freehold |
| Sub Type | Detached |
| Transaction Type | For Sale |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Parking | 6 spaces |
| Address | 237 First Avenue, Welland, ON L3C 1Y7 |
| City | Welland |
| Postal Code | L3C 1Y7 |
Listing Contracted With: ROYAL LEPAGE NRC REALTY
