128 River Road , Welland, ON L3B 2R9
Welland, ON L3B 2R9
Description
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.
Details
| MLS# | H4178422 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 320 |
| Listing Provided By | Re/Max Escarpment Realty Inc. | Anil Verma |
Features
| Zoning | RL2 |
|---|---|
| Acreage | 0.35 |
| Golf Course | Yes |
| Water Front | Yes |
Request a showing
Request a showing
Contact
Learn More About This Property
| Province | ON |
|---|---|
| Region | Niagara |
| City | Welland |
| Postal Code | L3B 2R9 |
| Area | 768 Welland Downtown |
| Community Name | 768 Welland Downtown |
| Listing VS Median (in 768 Welland Downtown) | |
Price: $899,900 low | high Med: $618,700 On Site: 320 low | high Med: 111.000000 | |