Search
$ 1,550,000

699 Niagara Street, Welland, ON, L3C 1M2

Listing ID# H4008894
< Back

$ 1,550,000

  • 699 Niagara Street
    Welland, ON L3C 1M2
  • Listing ID H4008894
  • Building Type: Land
  • Space: 0
  • Status: For Sale/Active
  • Days on Market: 125

Property Description

Excellent opportunity to purchase a prime 0.9-acre (39,204 sq ft) high density residential development site in North Welland backing onto a public park and steps from Seaway Mall. Active site plan approval and building permit applications are underway with the City of Welland to permit the construction of a 7- storey, 42-unit apartment building, consisting of 2 and 4-bedroom units. Amazing opportunity to build and operate a CMHC backed 160+ bed student housing complex due to close proximity of the site to Niagara college (less than a 10-min walk) and to Brock U. (20 min bus ride with bus stop less than 100m from development site). With ultra low vacancy rates in Welland, booming international student enrollment and rising rents, this is a perfect investment opportunity to get into Niagara's growing student housing market. Copies of architectural drawings, planning studies, permits, city agreements, surveys, engineering drawings, Phase 1 environmental site assessment, geotechnical/soil studies, archaeological assessments, feasibility studies, marketing research, promotional/marketing materials and interior design specifications will be made available to serious purchasers for review upon a conditional offer to purchase and subject to a confidentiality agreement. VTB mortgage options are also available for serious and qualified purchasers. The property is currently improved with a one storey single-family home to be demolished upon approval of site plan application.




Points of interest and Comparables

top
#Lot 7A - 158 Power Dr, Welland, ON
Land
#Lot 7A - 158 Power Dr
Welland
Listing courtesy of RE/MAX ACTIVE REALTY INC.
$1,181,700
  • 5 schools
Add to favourites
#Lot 12 - 261 Power Dr, Welland, ON
Land
#Lot 12 - 261 Power Dr
Welland
Listing courtesy of RE/MAX ACTIVE REALTY INC.
$1,248,000
  • 5 schools
Add to favourites
#Lot 11 - 229 Power Dr, Welland, ON
Land
#Lot 11 - 229 Power Dr
Welland
Listing courtesy of RE/MAX ACTIVE REALTY INC.
$1,400,100
  • 5 schools
Add to favourites
#Lot 10 - 191 Power Dr, Welland, ON
Land
#Lot 10 - 191 Power Dr
Welland
Listing courtesy of RE/MAX ACTIVE REALTY INC.
$1,320,000
  • 5 schools
Add to favourites
#Lot 6 - 990 River Rd, Welland, ON
Land
#Lot 6 - 990 River Rd
Welland
Listing courtesy of RE/MAX ACTIVE REALTY INC.
$1,470,000
  • 5 schools
Add to favourites
Bootstrap Slider
#403 - 40 Harrisford Street, Hamilton, ON
CONDOMINIUM
#403 - 40 Harrisford Street
Hamilton
Listing courtesy of RE/MAX ESCARPMENT REALTY INC.
$299,900
  • 2 bd
  • 2 ba
  • 1162 sq ft
  • 6 schools
Add to favourites
298 Cope Street, Hamilton, ON
House
298 Cope Street
Hamilton
Listing courtesy of RE/MAX ESCARPMENT REALTY INC.
$350,000
  • 2 + 1 bd
  • 2 ba
  • 957 sq ft
  • 6 schools
Add to favourites
1004 Upper Wellington Street, Hamilton, ON
House
1004 Upper Wellington Street
Hamilton
Listing courtesy of RE/MAX ESCARPMENT REALTY INC.
$499,900
  • 4 + 2 bd
  • 2 + 1 ba
  • 1254 sq ft
  • 6 schools
Add to favourites
#0 - 86 Szollosy Circle, Hamilton, ON
CONDOMINIUM
#0 - 86 Szollosy Circle
Hamilton
Listing courtesy of RE/MAX ESCARPMENT REALTY INC.
$355,800
  • 1 bd
  • 1 ba
  • 874 sq ft
  • 6 schools
Add to favourites
60 Weathering Heights, Stoney Creek, ON
House
60 Weathering Heights
Stoney Creek
Listing courtesy of RE/MAX ESCARPMENT REALTY INC.
$759,000
  • 4 bd
  • 2 + 1 ba
  • 2545 sq ft
  • 6 schools
Add to favourites
#0 - 29 Sister Varga Terrace, Hamilton, ON
CONDOMINIUM
#0 - 29 Sister Varga Terrace
Hamilton
Listing courtesy of RE/MAX ESCARPMENT REALTY INC.
$359,900
  • 2 bd
  • 1 ba
  • 1000 sq ft
  • 6 schools
Add to favourites
699 Niagara Street, Welland, ON
Land
699 Niagara Street
Welland
Listing courtesy of RE/MAX ESCARPMENT REALTY INC.
$1,550,000
  • 5 schools
Add to favourites
#301 - 699 Niagara Street, Welland, ON
CONDOMINIUM
#301 - 699 Niagara Street
Welland
Listing courtesy of RE/MAX ESCARPMENT REALTY INC.
$453,150
  • 4 bd
  • 4 ba
  • 1590 sq ft
  • 5 schools
Add to favourites
#103 - 699 Niagara Street, Welland, ON
CONDOMINIUM
#103 - 699 Niagara Street
Welland
Listing courtesy of RE/MAX ESCARPMENT REALTY INC.
$379,480
  • 2 bd
  • 2 ba
  • 1432 sq ft
  • 5 schools
Add to favourites
113 Wilfrid Laurier Crescent, St. Catharines, ON
House
113 Wilfrid Laurier Crescent
St. Catharines
Listing courtesy of RE/MAX ESCARPMENT REALTY INC.
$649,900
  • 4 bd
  • 2 + 1 ba
  • 2268 sq ft
  • 5 schools
Add to favourites
Bootstrap Slider