237 First Avenue
767 - N. Welland, Welland, L3C 1Y7
FOR SALE
$749,850

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Property Description
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.
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Property Features
Sump Pump, Private Double
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Property Details
Address
237 First Avenue
Community
City
Postal Code
L3C 1Y7
Property Type
Detached, Detached
Zoning
RL1
Lot Size
120' x 198'
Taxes
$3,689 (2025
Basement
Full, Unfinished
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
5
Garage Type
Detached
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Listing contracted with Royal Lepage Nrc Realty
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