$1,000,000

1 Drew Street

Welland ON, L3C 5H8

Description

Residential Development Site. Property is zoned RL2 which allows for singles, semis, townhomes and multiple dwellings. Lot is 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 has been completed. 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.

Details

MLS#30824913
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site14

Features

Acreage1.86
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Area Information
ProvinceON
CountyNiagara
CityWelland
Postal CodeL3C 5H8
Area7 - Welland
Listing VS Median (in L3C 5H8)
Price:
$1,000,000
low | high
Med:
$1,000,000
50% of Average
On Site:
14
low | high
Med:
14
100% of Average
Listing Updated: 08/06/2020
JERRY HENDRIKS LogoMLS Number: 30824913
Listing Provided By:
JERRY HENDRIKS  of  RE MAX GARDEN CITY HENDRIKS TEAM REALTY
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