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.
237 First Avenue
767 - N. Welland, Welland, Niagara $749,850Make an offer
3 Beds
2 Baths
1100-1500 sqft
Detached
Garage
Parking for 5
West Facing
Zoning: RL1
- MLS®#:
- X13239440
- Property Type:
- Detached
- Property Style:
- 1 1/2 Storey
- Area:
- Niagara
- Community:
- 767 - N. Welland
- Taxes:
- $3,689 / 2025
- Added:
- June 03 2026
- Lot Frontage:
- 120
- Lot Depth:
- 198
- Status:
- Active
- Outside:
- Metal/Steel Siding
- Year Built:
- 51-99
- Basement:
- Full,Unfinished
- Brokerage:
- ROYAL LEPAGE NRC REALTY
- Lot :
-
198
120
BIG LOT
- Intersection:
- Corner of First Ave and Thorold Rd
- Rooms:
- Bedrooms:
- 3
- Bathrooms:
- 2
- Fireplace:
- Utilities
- Water:
- Municipal
- Cooling:
- Wall Unit(s)
- Heating Type:
- Forced Air
- Heating Fuel:
| Living Room | 4.95 x 4.04m Main Level |
|---|---|
| Dining Room | 3.43 x 2.95m Main Level |
| Kitchen | 3.61 x 3.28m Main Level |
| Bathroom | 1.98 x 1.07m 2 Pc Bath Main Level |
| Primary Bedroom | 4.11 x 3.08m Second Level |
| Bedroom 2 | 3.18 x 3.1m Second Level |
| Bedroom 3 | 3.1 x 3.1m Second Level |
| Bathroom | 2.95 x 2.16m 4 Pc Bath Second Level |
| Utility Room | 7.5 x 7.5m Basement Level |
Listing Details
Insights
- Development Potential: The property offers a unique opportunity for mini-development, with the potential to create eight affordable townhouses or subdivide into three lots, making it an attractive investment for developers.
- Proximity to Niagara College: Located within walking distance of Niagara College, this property is ideal for catering to the student housing market, ensuring strong rental demand and potential for high returns.
- Financial Incentives: With the availability of HST rebates and a strong demand for land, investors can benefit from favorable financial conditions, enhancing the overall value of the investment.
Sale/Lease History of 237 First Avenue
View all past sales, leases, and listings of the property at 237 First Avenue.Neighborhood Overview
Complete neighborhood profile for 237 First Avenue
767 - N. Welland home prices
Average sold price for Detached, Semi-Detached, Condo, Townhomes in 767 - N. Welland
Insights for 237 First Avenue
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* Data is provided courtesy of TRREB (Toronto Regional Real-estate Board)
