288 First Avenue Welland, Ontario L3C 1Y8

$449,900

ATTENTION INVESTORS, FIRST-TIME BUYERS & DEVELOPERS! Welcome to 288 First Avenue, an incredible opportunity packed with unmatched value and versatility in the heart of Welland.For first-time buyers and investors looking to add sweat equity, this solid 3-bedroom, 1-bathroom bungalow offers approximately 1,059 square feet of main-floor living space, a full basement waiting for your finishing touches, and a detached garage. The existing home needs a few cosmetic updates, the location is tough to beat-just a couple of blocks from Niagara College and surrounded by all the local amenities, shopping, and transit options you need.DEVELOPERS TAKE NOTE: The real magic here lies in the land. This property sits on a massive 70' x 159' lot zoned RL1, consisting of two 35-foot lots that are already severed. The development potential here is massive. Explore your options ranging from building modern semi-detached units, a two-unit residential setup, or maximizing the footprint for a potential multi-residential development of up to 8 units.Whether you want to renovate the existing home and build on the vacant lot, rent it out while drawing up architectural plans, or execute a full multi-unit build, the possibilities are endless. Severed packages of this size in premium locations do not come along often-schedule your viewing today and unlock the potential! (id:50857)

Property Details

MLS® Number	X13427040
Property Type	Single Family
Community Name	767 - N. Welland
Equipment Type	Water Heater
Parking Space Total	6
Rental Equipment Type	Water Heater
Structure	Deck, Porch

Building

Bathroom Total	1
Bedrooms Above Ground	3
Bedrooms Total	3
Age	51 To 99 Years
Architectural Style	Bungalow
Basement Development	Partially Finished
Basement Type	Full (partially Finished)
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Exterior Finish	Stucco
Foundation Type	Block, Poured Concrete
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	1
Size Interior	700 - 1,100 Ft2
Type	House
Utility Water	Municipal Water

Parking

Detached Garage
Garage

Land

Acreage	No
Sewer	Sanitary Sewer
Size Depth	159 Ft ,7 In
Size Frontage	70 Ft ,2 In
Size Irregular	70.2 X 159.6 Ft
Size Total Text	70.2 X 159.6 Ft
Zoning Description	Rl1

Rooms

Level	Type	Length	Width	Dimensions
Basement	Foyer	4.44 m	3.56 m	4.44 m x 3.56 m
Basement	Family Room	4.06 m	6.31 m	4.06 m x 6.31 m
Basement	Laundry Room	3.21 m	4.14 m	3.21 m x 4.14 m
Basement	Utility Room	3.55 m	4.44 m	3.55 m x 4.44 m
Main Level	Living Room	6.28 m	3.85 m	6.28 m x 3.85 m
Main Level	Kitchen	3.43 m	3.85 m	3.43 m x 3.85 m
Main Level	Bedroom	3.96 m	3.78 m	3.96 m x 3.78 m
Main Level	Bedroom 2	2.76 m	4.93 m	2.76 m x 4.93 m
Main Level	Bedroom 3	2.76 m	2.77 m	2.76 m x 2.77 m
Main Level	Bathroom	2.52 m	1.98 m	2.52 m x 1.98 m

https://www.realtor.ca/real-estate/29883832/288-first-avenue-welland-n-welland-767-n-welland