Rare opportunity in one of Welland's most sought-after neighbourhoods, just steps from beautiful Chippawa Park. This vacant lot previously housed a residence, with utilities available at the property line, offering added convenience for future development. Surrounded by mature homes and established streetscapes, zoning allows for many different building opportunities, including investment opportunities, multiplexes, and possible lot severance potential, subject to municipal approvals and buyer due diligence. Whether you're looking to build your dream home or explore investment potential, this is a rare chance to secure prime land in a prestigious, well-established area.
works out to roughly $295 per square foot. Chat with Zara if you'd like a deeper read on whether this land fits your budget and timing.
Inside 74 Summit Ave
Every detail from the listing, in one place.
Type
Land
Living space
1100-1500 sq ftas stated on the listing
Features & systems
Lot & land
Lot size (sqft)
0
Listing & possession
Property class
Vacant Land
74 Summit Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14138262$325,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 74 Summit Ave Compares to the Welland Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,597
/mo
based on the purchase price of $325,000
$65,000 cash
$260,000 financed
$218,988 total interest
Principal54%$260,000
Interest46%$218,988
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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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.
Average days on market45Homes sold in about 45 days on average.
Sale-to-list ratio96.5%On average, homes sold below asking.
Active listings440Homes for sale here right now.
Median vs prior 90 days−1.3%Compared with May 6 – Aug 4, 2026: prices down.
Based on 277 sales from Aug 4 – Nov 2, 2026 (240 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 74 Summit Ave
How much is 74 Summit Ave listed for?
74 Summit Ave is listed at $325,000 (MLS® X14138262). Summitly updates the price as soon as the MLS® record changes.
Is $325,000 a good price for 74 Summit Ave?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Welland. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 74 Summit Ave changed?
No — 74 Summit Ave is still listed at its original asking price of $325,000.
How many bedrooms and bathrooms does 74 Summit Ave have?
74 Summit Ave has about 1,100–1,500 square feet of living space. The listing doesn't publish a bedroom or bathroom count. It is a lot in Welland.
How much would the monthly mortgage be on 74 Summit Ave?
About $1,597 a month — principal and interest on $325,000 with 20% down ($65,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 74 Summit Ave compare with other homes in Welland?
Its asking price of $325,000 is about 39% below the median sold price in Welland over the last 90 days, $535,000, across 277 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 74 Summit Ave been sold before?
Summitly has no earlier MLS® sale or lease of 74 Summit Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 74 Summit Ave?
74 Summit Ave is in Welland, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 74 Summit Ave been on the market?
74 Summit Ave was listed today (November 2, 2026).
What is the price per square foot of 74 Summit Ave?
About $217 to $295 per square foot: the asking price of $325,000 over the 1,100–1,500 sq ft the listing gives as its size range.
What is the lot size of 74 Summit Ave?
The lot is 50 acres, as published in the listing.
What is the land transfer tax on 74 Summit Ave?
About $3,350 in Ontario land transfer tax at the asking price of $325,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
