237 First Avenue, Welland, ON L3C 1Y7
Welland, ON, L3C 1Y7 · 767 - N. Welland
About this property
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.
Features & Amenities
- Basement: Full, Unfinished
- Garage: Detached
- Cooling: Wall Unit(s)
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 1 1/2 Storey
- Construction: Metal/Steel Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Detached |
| Architectural Style | 1 1/2 Storey |
| Bedrooms | 3 |
| Bathrooms | 2 |
| Basement | Full, Unfinished |
| Garage | Detached |
| Parking Spaces | 5 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | Wall Unit(s) |
| Sewer | Sewer |
| Annual Tax | $3,689 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Sump Pump
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 1 1/2 Storey
- Construction Materials
- Metal/Steel Siding
- Foundation Details
- Poured Concrete
- Roof
- Asphalt Shingle
- Basement
- Full, Unfinished
- Approximate Age
- 51-99
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- Wall Unit(s)
Parking & Garage
- Garage Type
- Detached
- Garage
- Yes
- Parking Spaces
- 5
- Parking Total
- 6.00
- Parking Features
- Private Double
- Covered Spaces
- 1
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 198.00
- Lot Width
- 120.00
Financial & Tax
- Tax Annual Amount
- $3,689
- Tax Year
- 2025
- Tax Assessed Value
- $194,000
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 8
- Kitchens Above Grade
- 1
- Kitchens Total
- 1
- Bedrooms Above Grade
- 3
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Niagara
- Cross Street
- Corner of First Ave and Thorold Rd
- Directions
- Corner of First Ave and Thorold Rd
- Special Designation
- Unknown
- Showing Requirements
- See Brokerage Remarks
Location
237 First Avenue, Welland, ON L3C 1Y7, Welland, ON, L3C 1Y7