237 First Avenue, Welland, ON L3C 1Y7

For Sale 5 days on Market MLS® X13239440
Asking Price
$749,850
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Overview
Active
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 upon request.
Bedrooms
3
Bathrooms
2.0
Area
1,300 sqft
Lot Size
0.5 acres
Type
Detached

Property Details

Year Built1951
CityWelland
Postal CodeL3C1Y7
Lot Dimensions120.00 × 198.00 ft
Parking6 spaces

Interior Features

Heat: Forced Air
Heat Source: Gas
Cooling: Wall Unit(s)
Style: 1 1/2 Storey

Exterior & Land

Sewer: Sewer
Construction: Metal/Steel Siding
Roof: Asphalt Shingle

Utilities & Services

Heat SourceGas
SewerSewer

Financial Information

List Price$749,850
Annual Taxes$3,689 (2025)
Days on Market5
MLS® X13239440 • Listed by ROYAL LEPAGE NRC REALTY
237 First Avenue, Welland, ON L3C 1Y7
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$749,850.00
$157,468.50

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4.70%

🧾 Amortization
30 years
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Mortgage Payment$0.00
Net Mortgage$0.00
Interest paid over term$0.00
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Effective Amortization30 Years
Property Location
237 First Avenue, Welland, ON L3C 1Y7
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