$899,900

Vacant Land For Sale In Market Square, Welland, Ontario

$899,900

Property Information:

DEVELOPERS! BUILDERS! Half acre residential property (23,239 sqft) across from Welland River with views of Merritt Island. Zoned RL2 (Residential Low Density 2) - permits Bed & Breakfast, Group home, Detached, Semi-Detached, and Townhomes. Labelled as property A in photos. Can be purchased with the abutting 0.3 acre (14,000 sqft) property (labelled B in images) zoned RM (Medium Density) for a total of 0.8 acres. RM Zoning permits 6-Storey Apartment Building, Lodging home, Day Care, Group Home, Retirement Home, Multiple Dwellings, & Townhomes. At present the property has a character-filled 2400 sqft 5 Bedroom home built in 1929 with a detached double car garage. Property B currently houses an updated 2-storey 4-plex with the owner occupying one unit. Consider the prospect of a residential development that not only capitalizes on the natural beauty of the surroundings but also leverages the proximity to the river and the captivating island as a key selling point. This property invites the savvy developer to envision and create a destination that goes beyond bricks and mortar, offering a lifestyle that is both aspirational and distinctive. Buyers to make their own inquiries with the City and conduct their own due diligence. (id:27)

Building Features:

  • Basement Type: None

Property Features:

  • Property Type: Vacant Land
  • Access Type: River access
  • Amenities Nearby: Golf Course, Hospital, Public Transit, Recreation
  • Community Features: Community Centre
  • Features: Park setting, Treed, Wooded area, Sloping, Partially cleared, Park/reserve, Golf course/parkland
  • Irregular: Yes
  • Lot Depth: 200.0 Feet
  • Lot Frontage: 75.0 Feet
  • Lot Size: L - shaped 0.53 acre
  • Surface Water: Creek or Stream
  • Utility Type: Hydro - Available, Natural Gas - Available, Cable - Available, Telephone - Available, Water - Available, Sewer - Available
  • WaterFront Type: Waterfront nearby
  • Zoning: RL2
  • Sewer: Municipal sewage system

Courtesy of: RE/MAX Escarpment Realty Inc.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

  • Lot A -