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For saleMLS® X14082932

49 Division Street, Welland, ON L3B 3Z5

Welland Downtown · L3B 3Z5

$695,000

2 weeks on market

Lot
80.83 × 118 ft

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About this property

Prime downtown Welland opportunity with exceptional development potential! Strategically located in the heart of the city, this versatile property offers flexible zoning with a wide range of permitted uses, making it ideal for investors, developers, and business owners. Potential uses include short-term accommodations, professional offices, retirement residences, boarding houses, mixed-use and various commercial applications. Zoning permits development of up to 8 storeys, providing significant potential to maximize the property's value. Ideally situated within walking distance to the Welland Canal, downtown shops, restaurants, services, and amenities. Located in an area experiencing continued revitalization and investment, this is an excellent opportunity to secure a property with long-term upside and multiple development possibilities. Seller may consider attractive Vendor Take-Back (VTB) financing for qualified buyers. A rare opportunity to bring your vision to life in the growing downtown core of Welland!

Property details

Property

Property type
vacant land
Lot size
80.83 × 118 ft
Zoning
DMC
Possession
-

Interior

Cooling
No

Exterior & services

Sewer
Sanitary+Storm

Costs

List price
$695,000
Property taxes
$11,000 / year (2026)

Listing

MLS® number
X14082932
Status
For sale
Listed
October 15, 2026
Days on market
20
Last updated
October 15, 2026
Listing brokerage
RE/MAX ESCARPMENT GOLFI REALTY INC.

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 70% of comparable vacant land listings in Welland are asking less.

$160KMedian $345K$2.02M

Based on 37 comparable active vacant land listings in Welland. These are asking prices, not sale prices.

Mortgage estimate

Down payment6.4% · minimum $44,500
$44,500
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$3,596.73
Property tax (est.)
$916.67
Estimated monthly
$4,513

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$10,375
Total due on closing
$10,375

An estimate on the asking price of $695,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of RE/MAX ESCARPMENT GOLFI REALTY INC.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$695,000

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