DEVELOPERS AND BUILDERS! Underutilised parcel with Huge Potential!! 0.3 acre property (Lot B in photos), Zoned for 6-storey Apartment Building, Retirement home, Lodging home, Daycare, Group home, Multiple dwellings, and Townhomes. You can also buy the adjoining Half-acre residential property (23,239 sqft) at 128 River Rd, listed and sold independently, shown as "A" in the photos. This would give you a total of 0.8 acres. The view? Right across from Welland River with a clear sight of Merritt Island. Lot A is zoned RL2 (Residential Low Density 2), allowing for a bed & breakfast, group home, detached and semi-detached houses, and townhomes. Currently, Lot A has a charming 2400 sqft, 5-bedroom home built in 1929 with a detached double car garage. On Lot B, there's an impeccable 2-storey 4-Plex with space to add a 5th unit in the lower level. Inquire with the City and conduct your due diligence. This opportunity is worth exploring! (id:2493)
Property Type:
Vacant Land
Transaction Type:
For sale
Zoning:
RM, RL2
Amenities:
Golf Course, Hospital, Public Transit, Recreation, Schools
Data was last updated July 27, 2024 at 06:45 AM (UTC)
Area Statistics
Listings on market:
35
Avg list price:
$329,000
Min list price:
$1
Max list price:
$3,500,000
Avg days on market:
74
Min days on market:
1
Max days on market:
490
Avg price per sq.ft.:
$30.67
These statistics are generated based on the current listing's property type
and located in
Welland. Average values are
derived using median calculations.
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