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!
MLS# | XH4180740 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Days On Site | 34 |
Listing Provided By | RE/MAX Escarpment Realty Inc. | Anil Verma |
Zoning | RM, RL2 |
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Golf Course | Yes |
Water Front | Yes |
Province | ON |
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County | Niagara |
City | Welland |
Postal Code | L3B 3S6 |
Area | Welland |
Subarea | 768 Welland Downtown |
Community Name | 768 Welland Downtown |
Listing VS Median (in 768 Welland Downtown) | |
Price: $1,389,900 low | high Med: $450,000 On Site: 34 low | high Med: 118.000000 |