Homula Realty Brokerage
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215 Iva Street, Welland, ON L3C 3B9

Vacant Land
$249,900
Property tax
$931 / year

Exceptional opportunity to build on a premium 40' x 110' RL1-zoned vacant residential lot. Situated in an established neighbourhood, this property offers an excellent setting for your custom home or future investment. Conveniently located close to schools, parks, shopping, public transit and major amenities. An ideal opportunity for builders, investors or anyone looking to build their dream home Buyer to complete their own due diligence regarding permits, zoning, development charges, and all municipal approvals. Don't miss this rare chance to secure a ready-to-build lot in a desirable location. Lots 209 Iva, 229 Iva, 201 Iva, and 215 Iva are available to be purchased together

MLS number
X13556160
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L3C 3B9
Photos
15
61days · 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

No previous listings found for this address.

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.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Gordon Public School
DSB Niagara
Elementary316 m7.9 / 10
79% met the standard
ÉÉC du Sacré-Coeur-Welland
CS catholique MonAvenir
Elementary1.4 km5.4 / 10
54% met the standard
Welland Centennial Secondary School
DSB Niagara
Secondary1.1 km7.6 / 10
76% met the standard · 2 of 6 measures
ÉIC Saint-Jean-de-Brébeuf
CS catholique MonAvenir
Elementary1.6 kmNot reported
Holy Name Catholic Elementary School
Niagara CDSB
Elementary1.5 km8.6 / 10
86% met the standard
École élémentaire Nouvel Horizon
CS Viamonde
Elementary1.6 km7.4 / 10
74% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

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.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 784 people.

$111,000Median household income
90.9%Own their home
94.5%Detached houses
42.8Median age
16.5%Born outside Canada
19.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260168 — the few blocks around this address, home to 784 people. It describes the area, not this property.

784Population
41.2Average age
2.8Household size
$133,000Average household income
$111,000Median household income
91%Own their home
9%Rent
0%Condominiums
17%Born outside Canada
20%University degree
$650,000Average home value
5%Low income
43%Not in the labour force
22%Never married
$25,000 to $29,9992%
$35,000 to $39,9992%
$40,000 to $44,9991%
$45,000 to $49,9992%
$50,000 to $59,9995%
$60,000 to $69,9994%
$70,000 to $79,9994%
$80,000 to $89,9994%
$90,000 to $99,9992%
$100,000 and over37%
$100,000 to $124,9998%
$125,000 to $149,9997%
$150,000 to $199,99911%
$200,000 and over11%

Percentages are of the 420 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.

$49,980 · minimum here is $12,495
$1,106.50per month
Borrowed before insurance$199,920
Total borrowed$199,920
Interest over 25 years at 4.5%$132,031

If you rented it out

-$1,184.09per month out of pocket
Rent$0.00
Everything it costs to hold$1,184.09
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 RE/MAX SKYWAY REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.