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$475,000
Welland
24 Burgar Street, Welland (Welland Downtown), Ontario, L3B2S7
This 14-bedroom, 6-bathroom home in Welland is for sale. It has been on the market 79 days, fresher than the Welland average of 87 days.
Exceptional opportunity to own a remarkable piece of Welland's history in the heart of the downtown core! Known as the historic Glasgow Fortner House, this impressive heritage designated property dates back to approximately 1859 and offers a rare combination of architectural character, substantial lot size and exciting investment potential. Situated on a generous lot measuring approximately 91.88 feet by 165 feet, this distinctive property features a spacious multilevel building with numerous rooms, ample parking and outstanding potential for restoration and adaptive reuse. Its central location provides convenient access to downtown amenities, shopping, restaurants, public transit and major routes. Previously associated with commercial and residential uses, the property presents an intriguing opportunity for investors, entrepreneurs and visionaries seeking to restore a historic landmark and explore potential commercial, residential or mixed use possibilities. A historical site specific zoning amendment also warrants further investigation regarding potential residential uses. The property is being offered in its existing condition and requires renovations, making it an ideal opportunity for those looking to bring new life to a truly unique building. All proposed uses, conversions, renovations and redevelopment opportunities are subject to confirmation of current zoning, heritage requirements and applicable municipal approvals. A rare chance to preserve history while exploring the future possibilities of this landmark property! (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 79 days on market, against an average age of 87 days across the listings currently for sale in this city
This 14-bed single family in Welland (Welland Downtown) has been listed for 79 days, which is 8 days fresher than the city average of 87. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $475,000, about 7.1× the local median household income of $66,500.
Carrying it typically needs a household income of about $92,784 (20% down, 25-yr amortization, stress-tested) — roughly 40% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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