Description

An outstanding opportunity for investors and developers to acquire a prime development site on Niagara Street in Welland. Zoned Downtown Mixed-Use Centre (DMC), this land offers exciting potential for a variety of future development possibilities. Situated in a high-traffic location, the site features over 180 feet of waterfront frontage along the Welland River. Enjoy convenient access to the Welland Canal, Merritt Island, and numerous scenic walking trails, all just minutes away. A rare opportunity to invest in a promising location with excellent potential. (id:66096)

Market Timing

Days on market

15d

Welland (Broadway) listings, avg age

63d

List price

$1.99M

Haho

This vacant land in Welland (Broadway) has been listed for 15 days, which is 48 days fresher than the city average of 63. Act while there is still low competition.

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Area context

Neighbourhood profile (L3C)

This home lists at $1,990,000, about 25.4× the local median household income of $78,500.

Carrying it typically needs a household income of about $388,717 (20% down, 25-yr amortization, stress-tested) — roughly 395% above the area median.

Median household income: $78,500
Population: 33,462
Median age: 45.6
Owner / renter: 73% / 27%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L3C)

$1,990,000

For sale

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Financing

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51 NIAGARA Street, Welland (Broadway) - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L3C)

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Need a commercial mortgage?