For Sale
Just Listed
237 First Avenue
767 - N. Welland, Welland, ON
$749,850
3Bd
2Ba
1,300+sqft
6Parking
120 x 198 ftlot
$577/sqft
DetachedMLS# X13239440Listed 2026-06-043 DOM
Basement
Unfinished
Just listed! New listings in Welland often receive offers within the first week.
About this home
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 $100,000 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 and land acquisition in a prime student area near Niagara College. Concept plans for townhouse or detached lots available upon request.
Rooms
Main Floor
| Living Room | 4.95 × 4.04 m | |
| Dining Room | 3.43 × 2.95 m | |
| Kitchen | 3.61 × 3.28 m | |
| Bathroom | 1.98 × 1.07 m | 2 Pc Bath |
Second Floor
| Primary Bedroom | 4.11 × 3.08 m | |
| Bedroom 2 | 3.18 × 3.10 m | |
| Bedroom 3 | 3.10 × 3.10 m | |
| Bathroom | 2.95 × 2.16 m | 4 Pc Bath |
Basement
| Utility Room | 7.50 × 7.50 m |
Features
- Sump Pump
- Full
- Unfinished
- Wall Unit(s)
- 1 1/2 Storey
Financials
Annual Taxes
$3,689
Estimated Rental Income
Entire property$3,200 – $4,800/mo
Basement apartment$1,800 – $2,500/mo
Rental yield5.1% – 7.7%
*Estimates based on comparable rentals in the area. Actual income may vary.
Market Data — Welland
Days on market3 days
Buyer's MarketSeller's Market
Based on active listings in Welland. Data updates daily.
Our estimate for this home
Estimated range
$628K – $730K
Mid-point $679K · ~$522/sqft
How this listing compares
$628KList · $750K$730K
High confidence·Based on 36 767 - n. welland comparables
Estimated range is generated automatically from active comparables and is for informational purposes only. Not an appraisal — contact Aman for a full comparative market analysis that factors in condition, renovations, and positioning.
Getting around
How walkable, bikeable, and transit-friendly this neighbourhood is.
57
/ 100
Walk Score
Somewhat Walkable
48
/ 100
Transit Score
Some Transit
45
/ 100
Bike Score
Somewhat Bikeable
Scores are estimates based on neighbourhood data and are for informational purposes only.
MLS® data courtesy of the Toronto Regional Real Estate Board (TRREB).
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Listing information is deemed reliable but is not guaranteed accurate by the Toronto Regional Real Estate Board, the listing brokerage, or this website. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by CREA. Not intended to solicit properties currently listed for sale or buyers under contract.
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