237 FIRST AVENUE, Welland, Ontario L3C 1Y7
$749,850.00
- 3 bedrooms
- 2 bathrooms
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 ... read more
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:25417)
- Listing ID: X13239440
- Property Type: Single Family
| Property | |
|---|---|
| Ownership: | Freehold |
| Lot Size: | 120 by 198 FT|1/2 - 1.99 Acres |
| Parking: | Detached Garage 6 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Water Meter |
| HVAC: | Fireplace, Forced Air and Wall Unit Natural Gas |
| Exterior: | Steel |
| Basement: | Full (Unfinished) |
| Utilities: | Cable and Sanitary Sewer |
| Location | |
|---|---|
| City: | Welland |
| Province: | Ontario |
| Rooms | Level | Dimensions |
|---|---|---|
| Primary Bedroom | Second level | 4.11 m x 3.08 m |
| Bedroom 2 | Second level | 3.18 m x 3.1 m |
| Bedroom 3 | Second level | 3.1 m x 3.1 m |
| Bathroom | Second level | 2.95 m x 2.16 m |
| Utility room | Basement | 7.5 m x 7.5 m |
| Living room | Main level | 4.95 m x 4.04 m |
| Dining room | Main level | 3.43 m x 2.95 m |
| Kitchen | Main level | 3.61 m x 3.28 m |
| Bathroom | Main level | 1.98 m x 1.07 m |
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