$749,850
237 First Ave
Welland, ON L3C 1Y7
237 First Ave, Welland — Listed at $749,850. 3 bedroom, 2 bathroom 1 1/2 Storey Detached. MLS® X13239440.
Possession · seller's timeline
Flexible
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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. Concept plans for townhouse or detached lots available.
Property Details
Property Insights
Listing Courtesy of: ROYAL LEPAGE NRC REALTY
MLS® #X13239440
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HouseIndex Take: 237 First Avenue
This detached (1 1/2 Storey) is located in the 767 - N. Welland neighbourhood of Welland.
The home offers 3 bedrooms, 2 bathrooms.
Features include a full, unfinished basement, 6 parking spaces including a 1-car garage.
Additional details: lot dimensions of 120 × 198 feet.
Listed at $749,850 CAD with annual property taxes of $3,689 (2025). This listing has been on the market for 2 days.
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