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:19593)

Property Details

MLS® Number	40838690
Property Type	Single Family
Amenities Near By	Park, Place Of Worship, Schools, Shopping
Community Features	School Bus
Equipment Type	Water Heater
Parking Space Total	4
Rental Equipment Type	Water Heater
Structure	Porch

Building

Bathroom Total	1
Bedrooms Above Ground	3
Bedrooms Total	3
Appliances	Dishwasher, Refrigerator, Stove
Basement Development	Partially Finished
Basement Type	Full (partially Finished)
Constructed Date	1951
Construction Style Attachment	Detached
Cooling Type	Central Air Conditioning
Exterior Finish	Stucco
Foundation Type	Block
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	1
Size Interior	1,059 Ft2
Type	House
Utility Water	Municipal Water

Parking

Detached Garage

Land

Acreage	No
Land Amenities	Park, Place Of Worship, Schools, Shopping
Sewer	Municipal Sewage System
Size Depth	159 Ft
Size Frontage	70 Ft
Size Total Text	Under 1/2 Acre
Zoning Description	Rl1

Rooms

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

https://www.realtor.ca/real-estate/29885160/288-first-avenue-welland