$2,050,000
For sale: Vacant Land

Shovel ready Site Plan approved lot in Welland. Site plan approved for 10 freehold, 2 story town houses. Each townhouse is approximately 1600 sft with 3 bedrooms, 2.5 washrooms and single car garage. The approved site plan also includes a 3 piece washroom and (optional) approximately 600 sq feet finished basement for each unit. All studies completed. Application fee for building permits has been paid but building permits have not been applied for. Permit drawings available. The Seller has completed the interior design. The transformer required to service the townhouses has been procured by the Seller and is included in the listed price.
Sold data
Homes in Welland (Lincoln/Crowland) took a median of 31 days to sell over the last 90 days, with the quickest quarter selling within 15 days and the slowest quarter taking more than 59, across 182 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 50 days.
The median sale price was $539,950.
Homes sold for about 3.1% below asking on average, so there was room to negotiate.
About 5% of sales closed above the list price.
Around 35% of sellers reduced their price before finding a buyer.
Based on 182 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Welland (Lincoln/Crowland) has 23 Fraser Institute–rated schools (18 elementary and 5 secondary), averaging 6.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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