Property Information:

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 house 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:27)

Building Features:

Style: Detached
Building Type: House
Basement Development: Partially finished
Basement Type: Full
Construction Style - Attachment: Detached
Exterior Finish: Stucco
Floor Space: 1059 sqft
Foundation Type: Block
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 3
Bathrooms: 1
Amenities Nearby: Park, Schools, Shopping
Built in: 1951
Community Features: School Bus
Floor Space (approx): 1059 Square Feet
Lot Depth: 159 Feet
Lot Frontage: 70 Feet
Structure Type: Porch
Zoning: RL1
Sewer: Municipal sewage system
Parking Type: Detached garage
No. of Parking Spaces: 4

Rooms:

Utility Basement Level 11'6'' x 14'6''
Foyer Basement Level 14'6'' x 11'7''
Laundry Basement Level 10'5'' x 13'4''
Family Basement Level 13'3'' x 20'7''
Bedroom Main Level 9'1'' x 9'1''
Bedroom Main Level 9'1'' x 16'2''
Bedroom Main Level 12'9'' x 12'4''
Bathroom Main Level Measurements not available
Kitchen Main Level 11'3'' x 12'6''
Living Main Level 20'6'' x 12'6''

Courtesy of: Real Broker Ontario Ltd.

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Demographic Information of 288 FIRST Avenue, Welland, Ontario, L3C 1Y8

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$107,466.84

Average Number of Children

1.64

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.22 %

High school certificate or equivalent

38.54 %

Apprenticeship trade certificate/diploma

5.05 %

College/non-university certificate

28.94 %

University certificate (below bachelor)

0.22 %

University Degree

15.03 %

Commuter

Travel To Work

By Car

89.54 %

By Public Transit

0.45 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

10.01 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

6.2 %

Houses

93.8 %

288 FIRST Avenue, Welland, Ontario, L3C 1Y8