237 First Avenue
Welland, ON
- 3 bed
- 2 bath
- approx. 1100-1500 sqft
- Detached
- 94 days on market
PERFECT MINI-DEVELOPMENT POTENTIAL!!! This is a promising development opportunity for investors keen on creating an eight-townhouse site within walking distance of Niagara College. This lot is ideal for either demolishing the existing house to construct eight affordable townhouses or subdividing into three 40-foot frontage lots. With the HST rebate currently available, there is strong demand for land to secure pre-sales. Concept plans suggest the possibility of eight townhouse lots at approximately $100,000 per lot, with an additional $50,000 allocated for consulting and necessary official plan and zoning by-law amendments. Pre-consultations are recommended for any development initiatives, whether for three lots or eight townhouses. A demolition estimate is also available, and tenants are amenable to staying until demolition is required. This is an excellent opportunity for development and land acquisition in a prime student area near Niagara College. Concept plans for townhouse or detached lots available.
Listing Details
- Taxes (2025)
- $3,689
- Listed
- June 3, 2026
Price History
Property
- Style
- 1 1/2 Storey
- Age
- 51-99
- Construction
- Metal/Steel Siding
- Roof
- Asphalt Shingle
- Foundation
- Poured Concrete
- Interior
- Sump Pump
- Lot Size
- 120 x 198 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 1
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- Corner of First Ave and Thorold Rd
- Zoning
- RL1
- Parcel Number
- 640820048
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Rental Items
- Hot Water Heater
Schools
Elementary
- Glendale Public School0.5 km
Public · DSB Niagara · 360 students
Grade 3 reading: 77% met the provincial standard · Grade 6 math: 33% met the provincial standard
- Ross Public School0.9 km
Public · DSB Niagara · 290 students
Grade 3 reading: 56% met the provincial standard · Grade 6 math: 43% met the provincial standard
- Fitch Street Public School1.1 km
Public · DSB Niagara · 510 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 50% met the provincial standard
Secondary
- Welland Centennial Secondary School0.5 km
Public · DSB Niagara · 1050 students
Grade 10 literacy: 87% met the provincial standard
- Notre Dame College School1.2 km
Catholic · Niagara CDSB · 1130 students
Grade 10 literacy: 85% met the provincial standard
- Niagara Catholic Virtual Secondary School2 km
Catholic · Niagara CDSB
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L3C
- Population
- 33,462
- Private dwellings
- 14,273
- Median age
- 45.6
- Average household size
- 2.4
- Median household income
- $78,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Welland · last 12 months
- Median sold price
- $531,250
- Homes sold
- 756
- Median days on market
- 33
- Sale-to-list price
- 96.3%
Based on 756 recorded sales of residential freehold properties in Welland over the last 12 months.
Rooms
2-piece on Main, 4-piece on Second
Second
- Bathroom9'8" x 7'1"
- Bedroom 210'5" x 10'2"
- Bedroom 310'2" x 10'2"
- Primary Bedroom13'6" x 10'1"
Main
- Bathroom6'6" x 3'6"
- Dining Room11'3" x 9'8"
- Kitchen11'10" x 10'9"
- Living Room16'3" x 13'3"
Basement
- Utility Room
Listed by
ROYAL LEPAGE NRC REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$149,970
Estimated Monthly Payment
$3,684
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,684/mo (20% down, 5.5%)
Taxes: $307/mo · Insurance: $187/mo
Estimates only. Consult a financial advisor.
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