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237 FIRST AVENUE, Welland (N. Welland) — listed at $749,850. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 4.95 x 4.04 meters |
| Dining room | Main level | 3.43 x 2.95 meters |
| Kitchen | Main level | 3.61 x 3.28 meters |
| Bathroom | Main level | 1.98 x 1.07 meters |
| Primary Bedroom | Second level | 4.11 x 3.08 meters |
| Bedroom 2 | Second level | 3.18 x 3.1 meters |
| Bedroom 3 | Second level | 3.1 x 3.1 meters |
| Bathroom | Second level | 2.95 x 2.16 meters |
| Utility room | Basement | 7.5 x 7.5 meters |
Is 237 FIRST AVENUE a good fit for a growing family?+
With 3 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office. The 1.5-storey layout keeps living and sleeping areas separated.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,689, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What's the parking situation?+
This property includes 6 spaces — Detached Garage, Garage.
Does it have a basement, and is it finished?+
Yes — Unfinished, Full. A finished basement adds meaningful living space beyond the listed square footage.
Is there air conditioning?+
Yes — wall unit cooling is in place.
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