237 FIRST AVENUE

Key facts

• Property type: Single Family
• Structure: House
• Transaction: For Sale
• Price: $749,850
• Bedrooms: 3
• Bathrooms: 2
• Lot size: 120 x 198 FT
• Parking: 6
• Listing key: 29852373

Listing overview

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 class="container" id="details-container"00,000 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 a...