For Sale

$749,850

237 FIRST AVENUE , Welland (N. Welland), Ontario L3C1Y7

Remarks

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. (id:27)

Property Summary

Neighbourhood: 767 - N. Welland
Lot Frontage: 120 Feet
Lot Depth: 198 Feet
Lot Size: 120 x 198 FT
No. of Parking Spaces: 6
Floor Space (approx): 1100 - 1500 Square Feet
Bedrooms: 3
Bathrooms (Total): 2
Bathrooms (Partial): 1
Zoning: RL1

237 FIRST AVENUE ,
Welland (N. Welland), Ontario L3C1Y7

$749,850