DetachedOn market 156 days

237 First Ave, Welland

Name: 237 First Avenue
SKU: X13239440
Price: 749850 CAD
Availability: InStock

Welland, ON · · MLS® X13239440Updated June 12, 2026

$749,850Est. $3,684/mo mortgage

Bedrooms: 3
Bathrooms: 1
Living space: 1100–1500sq ft
Parking spaces: 6

Type Detached
Lot 25.995 acres
Garage Yes
Basement Full, Unfinished

What you should know

237 First Ave is a 3-bedroom, 1-bathroom detached home in Welland, listed for $749,850. It has 1100-1500 sq ft of living space.

This lot is ideal for either demolishing the existing house to construct eight affordable townhouses or subdividing into three 40-foot frontage lots.
Concept plans suggest the possibility of eight townhouse lots at approximately $100,000 per lot, with an additional $50,000 allocated for consulting and necessary official plan and zoning by-law amendments.
Pre-consultations are recommended for any development initiatives, whether for three lots or eight townhouses.

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3 Bed, 1 Bath Detached Home in Welland

About 237 First Avenue

Perfect mini-development potential! This is a promising development opportunity for investors keen on creating an eight-townhouse site within walking distance of Niagara College. This lot is ideal for either demolishing the existing house to construct eight affordable townhouses or subdividing into three 40-foot frontage lots. With the HST rebate currently available, there is strong demand for land to secure pre-sales. Concept plans suggest the possibility of eight townhouse lots at approximately $100,000 per lot, with an additional $50,000 allocated for consulting and necessary official plan and zoning by-law amendments. Pre-consultations are recommended for any development initiatives, whether for three lots or eight townhouses. A demolition estimate is also available, and tenants are amenable to staying until demolition is required. This is an excellent opportunity for development and land acquisition in a prime student area near Niagara College. Concept plans for townhouse or detached lots available.

3 bedrooms, 1 bathroom, about 1,100 sq ft, works out to roughly $682 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.

Inside 237 First Ave

Every detail from the listing, in one place.

Type: Detached
Style: 1 1/2 Storey
Living space: 1100-1500 sq ftas stated on the listing
Parking: 6 spacesYes garage
Basement: Full, Unfinished

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 6

Interior

Basement: Full · Unfinished

Lot & land

Lot size (sqft): 0

Listing & possession

Property style: 1 1/2 Storey
Property class: Detached

237 First Ave Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Jun 3, 2026For saleListedThis listingMLS® X13239440$749,850

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 237 First Ave Compares to the Welland Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Well Above Market· based on 512 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Welland market, last 90 days

Median sold price: $533,750
Average sold price: $551,417
Average days on market: 45
Homes sold: 272

Closed sales on the TRREB MLS®.

Full Welland market report

Recently sold nearby in Welland

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

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Home	Sold price	$ / sqft	% of asking	Sold
This home237 First Avenue 3 bd · 1 ba · 1,100 sqft	$749,850asking	$682	—	—
86 Parkway N/A 4 bd · 3 ba · 3,000 sqft
11 Achilles Avenue 2 bd · 1 ba · 700 sqft
37 Empress Avenue 3 bd · 1 ba · 700 sqft
313 Gatfield Avenue 3 bd · 2 ba · 700 sqft
89 Endicott Terrace 3 bd · 3 ba · 1,100 sqft
36 Hickory Court 4 bd · 2 ba · 2,000 sqft

86 Parkway N/A
4 bd · 3 ba · 3,000 sqft
11 Achilles Avenue
2 bd · 1 ba · 700 sqft
37 Empress Avenue
3 bd · 1 ba · 700 sqft
313 Gatfield Avenue
3 bd · 2 ba · 700 sqft
89 Endicott Terrace
3 bd · 3 ba · 1,100 sqft
36 Hickory Court
4 bd · 2 ba · 2,000 sqft

Living in Welland: Location & Amenities

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How long is your commute?

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Costs, Mortgage & Rental Return for 237 First Ave

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $3,684; 20% down · 25 years · 5.5% assumed
Property tax: $412; 0.66% mill rate · ON
Total per month: $4,096; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

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Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$3,684

/mo

based on the purchase price of $749,850

Down payment20%

$149,970 cash

Amortization25 yr

$599,880 financed

Rate5.50%

$505,256 total interest

Principal54%$599,880

Interest46%$505,256

20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

Rental income potential

Est. monthly rent

low–high

Gross yield

rent × 12 ÷ price

Cap rate (est.)

net of tax + fees

Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.

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Listing brokerage: ROYAL LEPAGE NRC REALTY, BrokerageMLS® X13239440 · Listing data last updated June 12, 2026

Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.

Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

For sale· listed Jun 2· $682/sq ft

Estimated monthly mortgage$3,684/moMortgage only · 20% down · 5.5% assumed

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5.0 · Google rating for Coldwell Banker Summit Realty, Brokerage · as of September 2026

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