237 First Avenue, Welland, ON L3C 1Y7
For Sale
5 days on Market
MLS® X13239440
1 / 10
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
237 First Avenue, Welland, ON L3C 1Y7
Purchase Calculator
$749,850.00
$157,468.50
⚙️ Rate
Your mortgage interest rate can either be Fixed for the term or Variable.
4.70%
🧾 Amortization
30 years
Scenario Options
First-time Buyer
Newly Built
Insured Prefer
💸 Rental Income
🏠 Home Expenses
$900.00
100%
$400.00
📉 Taxes
🛠️ Maintenance
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🛠️ Maintenance
⚡ Utilities etc.
Total Monthly Cost
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0
/month
Principal & interest
Home expenses
Other expenses
Rental income
- Monthly Mortgage$0.00
- Home Expenses$0.00
- Other Expenses$0.00
- Rental Income$0.00
Mortgage Amount
$0.00
Closing Costs
$0.00
Mortgage Payment$0.00
Net Mortgage$0.00
Interest paid over term$0.00
Balance end of Term$0.00
Effective Amortization30 Years
Property Location
237 First Avenue, Welland, ON L3C 1Y7
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