4
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$899,900
Est. payment /mo
Active
128 RIVER Road Welland, ON L3B 2R9
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Key Details
Property Type Other Types
Listing Status Active
Purchase Type For Sale
Approx. Sqft 10,000+
MLS Listing ID H4178422
Property 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.
Location
State ON
County Niagara
Direction Between Evan St. and McMaster Ave.
Exterior
Waterfront Description Indirect
Lot Frontage 75.5
Lot Depth 200.0
Building
Sewer Sewer
Water Municipal
Listed by RE/MAX Escarpment Realty Inc.
NEARBY SCHOOL & BUSINESS
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