237 FIRST AVENUE, Welland (N. Welland)

$749,850

For sale: Detached

Detached at 237 FIRST AVENUE, Welland (N. Welland)
Property type
Detached
Bedrooms / bathrooms
3 bedrooms, 2 bathrooms
Living area
1,500 sqft
MLS®
MLS® X13239440
Neighbourhood
767 - N. Welland

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.

Sold data

Detached homes in Welland (N. Welland) — recent sold market

Detached homes in Welland (N. Welland) took a median of 25 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 53, across 140 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 40 days.

The median sale price was $549,900.

Homes sold for about 3.1% below asking on average, so there was room to negotiate.

About 6% of sales closed above the list price.

Around 34% of sellers reduced their price before finding a buyer.

Median days to sell
25
Median sale price
$549,900
Sale-to-list ratio
96.9%
Sold above asking
6%

Based on 140 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Welland (N. Welland)

Welland (N. Welland) has 23 Fraser Institute–rated schools (18 elementary and 5 secondary), averaging 6.5/10.

Rated schools
23
Elementary
18
Secondary
5
Average rating
6.5 / 10

Top-rated schools in Welland (N. Welland)

  • Plymouth — elementary, WellandFraser rating 10.0/10
  • Fitch Street — elementary, WellandFraser rating 8.1/10
  • Glendale — elementary, WellandFraser rating 8.1/10
  • Holy Name — elementary, WellandFraser rating 7.9/10
  • Quaker Road — elementary, WellandFraser rating 7.6/10
  • Diamond Trail — elementary, WellandFraser rating 7.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 237 FIRST AVENUE