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Doug Folsetter

doug@folsetter.com +1(905) 515-5494

Listed by Jerry Hendriks • RE/MAX Hendriks Team Realty

$1,200,000

Est. payment - /mo

1.86 Acres Lot

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Residential

Listing Status Active

Purchase Type For Sale

MLS Listing ID 40821645

Annual Tax Amount $7,188

Lot Size 1.860 Acres

Acres 1.86

Property Sub-Type Residential

Source Cornerstone

Property Description

Residential Development Site. Property is zoned RL2 which allows for singles, semis, townhomes and multiple dwellings. Lot is approximately 0.7 hectares. Current official plan allows for maximum density of 24 units per net hectare which equates to 16.8 units. Application could be made to apply for a potential change to medium density of 25 to 60 dwelling units and as high as a 6 storey building or to a high density zoning which would allow for 61 to 125 dwelling units per net hectare and up to an 8 storey apartment building. Free pre-consultation virtual appointments available with the city. According to city staff, the city appears open to moving the development of this property to a higher density. Phase One Environmental Site Assessment and a Proposal for a Phase Two ESA were completed in the past. Potential offers from city regarding brownfield incentives such as site assessment grant for Phase Two and if clean up is required there is a tax increment grant program, rebates of planning and building fees, city and regional development charges exemption, etc. See city planning staff for complete details. Although MPAC states frontage of 120 feet, the property technically has its frontage on Kline's Avenue with two frontages there - one being 25 feet and one 60 feet on the unimproved portion at end of Kline's Avenue. Potential access for development also from Drew Street. Note: Known as 1 Drew Street however no actual municipal address.

Location

Province ON

County Niagara

Area Welland

Zoning RL2

Direction Known as 1 Drew Street however no actual municipal address. Entry also from end of Kline's Avenue.

Rooms

Kitchen 0

Interior

Fireplace No

Exterior

Utilities Available Electricity Connected, Other

Lot Frontage 120.0

Lot Depth 686.0

Garage No

Building

Lot Description Urban, Rectangular, City Lot, Public Transit

Faces Known as 1 Drew Street however no actual municipal address. Entry also from end of Kline's Avenue.

Sewer Sewer (Municipal)

Water None

New Construction No

Others

Senior Community No

Tax ID 641020264

Ownership Freehold/None

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Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

1 Drew Street Welland, ON L3C 5H8

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1 Drew Street