Description

DEVELOPMENT OPPORTUNITY IN WELLAND! 40' x 118' residential building lot, zoned RL2, with municipal services available at the road. An exciting opportunity for builders and investors with approved drawings for a 9-unit multiplex. Ideal site for a purpose-built multi Approved residential project in a growing market approved drawings available with an accepted offer. Buyer to conduct their own due diligence regarding zoning, development potential, servicing, approvals and permit requirements with the City of Welland. (id:66096)

Property Details

MLS®: X13775326
Property Type: Vacant Land
Zoning: RL2
Bedrooms: 0
Beds (above / below): 0 above · 0 below
Bathrooms: 0
Parking: 0
Lot Size: 40 × 119 ft (4,748 sq ft)
Frontage: 40 ft
Basement: None
Heating: Other, Other
Cooling: None
Garage: No Garage
Property Tax: $995/yr
Listed: 54 days ago

Market Timing

Days on market

54d

Welland (Lincoln/Crowland) listings, avg age

72d

List price

$400K

Haho

This vacant land in Welland (Lincoln/Crowland) has been listed for 54 days, which is 18 days fresher than the city average of 72. Act while there is still low competition.

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Area context

Neighbourhood profile (L3B)

This home lists at $399,995, about 6.0× the local median household income of $66,500.

Carrying it typically needs a household income of about $78,133 (20% down, 25-yr amortization, stress-tested) — roughly 17% above the area median.

Median household income: $66,500
Population: 25,869
Median age: 43.2
Owner / renter: 66% / 35%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L3B)

$399,995

For sale

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309 Dain Avenue, Welland (Lincoln/Crowland) - Vacant Land for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L3B)

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