$899,900

128 River Rd

, Welland, Ontario, L3B 2R9

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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.

Property Info
MLS®: X8337798
Listing Courtesy of RE/MAX ESCARPMENT REALTY INC.
Total Bedrooms 0
Total Bathrooms 0
Basement Unfinished
Floor Space 0 sq.ft.
Lot Size 15100 sq.ft.
Last Updated 2024-05-14
Property Type Vacant Land
Listed Price $899,900
Unit Pricing $899,900/sq.ft.
Strata Fee $
Tax Estimate $4,358/Year
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