New ListingPrime downtown Welland opportunity with exceptional development potential! Strategically located in the heart of the city, this versatile property offers flexible zoning with a wide range of permitted uses, making it ideal for investors, developers, and business owners. Potential uses include short-term accommodations, professional offices, retirement residences, boarding houses, mixed-use and various commercial applications. Zoning permits development of up to 8 storeys, providing significant potential to maximize the property's value. Ideally situated within walking distance to the Welland Canal, downtown shops, restaurants, services, and amenities. Located in an area experiencing continued revitalization and investment, this is an excellent opportunity to secure a property with long-term upside and multiple development possibilities. Seller may consider attractive Vendor Take-Back (VTB) financing for qualified buyers. A rare opportunity to bring your vision to life in the growing downtown core of Welland!
| MLS # | 40871497 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 4 |
| Listing Provided By | RE/MAX Escarpment Golfi Realty Inc. | Rob Golfi |
| SQ Feet | 100 |
|---|---|
| Zoning | DMC |
| Acreage | 0.22 |
| Cooling Yes / No | No |
|---|
| Lot Features | Ample Parking, Business Centre, City Lot, High Traffic Area, Highway Access, Hospital, Public Transit, Schools |
|---|
| Sewer | Sewer (Municipal) |
|---|
| Tax Annual Amount | 11000 |
|---|
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 3Z5 |
| Area | Welland |
| Subarea | 768 Welland Downtown |
| Community Name | 768 Welland Downtown |
| Listing VS Median (in 768 Welland Downtown) | |
Price: $695,000 low | high Med: $377,400 sqft: 100 low | high Med: 1,351 $ / sqft: $6,950 low | high Med: $280 On site: 4 low | high Med: 91 | |
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 3Z5 |
| Area | Welland |
| Subarea | 768 Welland Downtown |
| Community Name | 768 Welland Downtown |
| Listing VS Median (in 768 Welland Downtown) | |
Price: $695,000 low | high Med: $377,400 sqft: 100 low | high Med: 1,351 $ / sqft: $6,950 low | high Med: $280 On site: 4 low | high Med: 91 | |