Active Vacant Land For Sale 66 DOM · sitting
$1,200,000
MLS® X13009264

1 DREW Street, Welland, ON L3C 5H8

Welland · 772 - Broadway · L3C 5H8
Monthly cost · estimate
$0/mo
— · — · —
🤖
Hunter's read
0.7-hectare RL2 zoned development site approved for up to 16+ units; $1.2M reflects strong local land demand.
1.86
Lot sqft

About this home

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.

📋 Property summary 5 details
Property Type
Vacant Land
Days on Market
66 days
Annual Taxes
$7,188
Lot Size
120.0' × 686.0'
Community
772 - Broadway
⚡ Utilities
Sewer
['None']
🌳 Lot & land
Frontage
120.0 ft
Depth
686.0 ft
Dimensions
120.00 x 686.00
Total Area
2 square feet
📃 Listing details
MLS® Number
X13009264
Days on Market
66 days
Possession
Flexible
Listing Brokerage
RE/MAX HENDRIKS TEAM REALTY

Listing information sourced from TRREB MLS® via PropTx. This property is being represented by the listing brokerage shown above. Ishaan Verma of Royal LePage Certified Inc. is happy to represent buyers viewing this property.

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Location

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About Welland

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$1,200,000
1 DREW Street, Welland, ON L3C 5H8
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What is this home really worth?

Hunter pulls the last 6 months of actual closed sales on this street, computes the average sold price, days on market, and sold-to-list ratio — then tells you if 1 DREW Street, Welland, ON L3C 5H8 is priced fairly, over, or under.

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