$1,489,900

Vacant Land For Sale In Market Square, Welland, Ontario

$1,489,900

Property Information:

DEVELOPERS AND BUILDERS! Underutilised parcel with Huge Potential!! 0.3 acre property (Lot B in photos), Zoned for 6-storey Apartment Building, Retirement home, Lodging home, Daycare, Group home, Multiple dwellings, and Townhomes. You can also buy the adjoining Half-acre residential property (23,239 sqft) at 128 River Rd, listed and sold independently, shown as "A" in the photos. This would give you a total of 0.8 acres. The view? Right across from Welland River with a clear sight of Merritt Island. Lot A is zoned RL2 (Residential Low Density 2), allowing for a bed & breakfast, group home, detached and semi-detached houses, and townhomes. Currently, Lot A has a charming 2400 sqft, 5-bedroom home built in 1929 with a detached double car garage. On Lot B, there's an impeccable 2-storey 4-Plex with space to add a 5th unit in the lower level. Inquire with the City and conduct your due diligence. This opportunity is worth exploring! (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, Schools
  • Community Features: Quiet Area, Community Centre
  • Features: Park setting, Treed, Wooded area, Sloping, Partially cleared, Park/reserve, Golf course/parkland
  • Irregular: Yes
  • Lot Depth: 190.0 Feet
  • Lot Frontage: 63.0 Feet
  • Lot Size: 90' wide at the rear
  • Surface Water: Creek or Stream
  • Utility Type: Sewer - Available, Hydro - Available, Cable - Available, Water - Available, Natural Gas - Available, Telephone - Available
  • Zoning: RM, 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.