Homula Realty Brokerage
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110 Udine Avenue, Welland, ON L3B 5N7

Land
$24,500,000

This 92+ acre acre site in Welland presents an outstanding opportunity to construct a large format "BIG BOX" Warehouse/Logistics building, a Manufacturing facility or a Hybrid Battery Energy Storage system. Located just minutes from Highway 406, this site boasts direct access to both the canal and an adjacent rail line. The property is also located in the Niagara Gateway Economic Zone and Centre Community Improvement Plan Area. New development projects are eligible for Tax reductions or Grants. The General Industrial (G1) zoning permits a wide range of significant Light and Heavy Industrial uses, including those listed above and allows for outside storage. The site includes private ownership of a portion Netherby Road, on the southside of site. The brand new Asahi Kasei lithium-ion battery separator plant is located just south of the property. Municipal services are available along Rusholme Road. The future possibility exists to connect with the proposed Hydro One Welland Thorold 230-kilovolt double-circuit transmission line, providing 400 megawatts of new capacity to the area. Approximately 79 +/- acres are developable. A Phase I ESA was completed in June 2022.

MLS number
X13003164
Type
Land
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
L3B 5N7
Photos
5
Property tax
$21,150 / year
150days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 2 times.

Sale history is for registered usersSee what this address sold for and when, across all 2 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Approximate — placed from the postal code, which can cover a block or more.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 906 people.

$101,000Median household income
98.6%Own their home
94.1%Detached houses
47.6Median age
8.3%Born outside Canada
12.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260801 — the few blocks around this address, home to 906 people. It describes the area, not this property.

906Population
44.3Average age
2.7Household size
$115,200Average household income
$101,000Median household income
99%Own their home
1%Rent
0%Condominiums
8%Born outside Canada
13%University degree
$660,000Average home value
7%Low income
53%Not in the labour force
22%Never married
Under $5,0001%
$10,000 to $14,9991%
$15,000 to $19,9991%
$20,000 to $24,9992%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9991%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9993%
$60,000 to $69,9994%
$70,000 to $79,9994%
$80,000 to $89,9996%
$90,000 to $99,9994%
$100,000 and over34%
$100,000 to $124,9998%
$125,000 to $149,9998%
$150,000 to $199,99910%
$200,000 and over8%

Percentages are of the 505 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$4,900,000 · minimum here is $4,900,000
$108,480.70per month
Borrowed before insurance$19,600,000
Total borrowed$19,600,000
Interest over 25 years at 4.5%$12,944,210

If you rented it out

-$110,243.20per month out of pocket
Rent$0.00
Everything it costs to hold$110,243.20
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by COLDWELL BANKER THE REAL ESTATE CENTRE. Listing data provided by the Toronto Regional Real Estate Board.