237 First AvenueWelland, Niagara, ON, L3C 1Y7
237 First AvenueWelland, Niagara, ON, L3C 1Y7
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Buy/sell history for 237 First Avenue, Welland, ON L3C 1Y7
| Date Start | Date End | Event | Price | MLS# |
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Current valuation for 237 First Avenue, Welland, ON L3C 1Y7. Listed for $749,850 on 2026-11-02
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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. Ask agent for any concept plans for townhouse or detached lots.
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$749,850
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