Homula Realty Brokerage
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55, 59 & 63 Colbeck Drive, Welland, ON L3C 7B2

Vacant Land
$199,900
Property tax
$2,249 / year

Rare opportunity to buy over half an acre of vacant land in an established subdivision! These lovely lots are located in a highly sought-after residential area in the heart of Welland. This family-friendly neighbourhood features easy access to countless amenities and is close to fabulous schools, shopping, parks, playgrounds, trails and is only moments from the scenic Welland River. With no rear neighbours and a mature tree line spanning the rear of the property - this is your chance to make your dreams a reality. Being only a short stroll to the Welland Recreational Canal, which is home to several community events - this location is truly ideal. Enjoy the beautiful scenery while on a stroll to Chippawa Park (which is only a short walk from the property), or drop by the Welland Farmer's Market on Saturday mornings to pick up delicious, locally grown produce. If you're a golfer, this location is also sure to check some boxes, close by is not one - but two golf courses! Picking up an extra round will never be easier. With opportunity written all over it, these lots are sure to catch some eyes - come see all they have to offer. Buyer to do their own due diligence in regards to their future intended use of this property.

MLS number
X13723900
Type
Vacant Land
Status
Active
Bedrooms
0
Bathrooms
0
Postal code
L3C 7B2
Photos
9
Laundry
Not in the unit
15days · 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.

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
Holy Name Catholic Elementary School
Niagara CDSB
Elementary953 m8.6 / 10
86% met the standard
ÉÉC du Sacré-Coeur-Welland
CS catholique MonAvenir
Elementary1.0 km5.4 / 10
54% met the standard
Fitch Street Public School
DSB Niagara
Elementary1.1 km7.8 / 10
78% met the standard
ÉIC Saint-Jean-de-Brébeuf
CS catholique MonAvenir
Elementary1.2 kmNot reported
Sacred Heart Private SchoolElementary1.2 kmNot reported
St Augustine Catholic Elementary School
Niagara CDSB
Elementary1.9 km7.0 / 10
70% 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.

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 587 people.

$91,000Median household income
100%Own their home
95.9%Detached houses
48.4Median age
6.4%Born outside Canada
24.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260177 — the few blocks around this address, home to 587 people. It describes the area, not this property.

587Population
45.5Average age
2.4Household size
$125,000Average household income
$91,000Median household income
100%Own their home
0%Rent
0%Condominiums
6%Born outside Canada
25%University degree
$608,000Average home value
5%Low income
53%Not in the labour force
23%Never married
$20,000 to $24,9991%
$25,000 to $29,9991%
$30,000 to $34,9991%
$35,000 to $39,9991%
$40,000 to $44,9993%
$45,000 to $49,9991%
$50,000 to $59,9996%
$60,000 to $69,9999%
$70,000 to $79,9994%
$80,000 to $89,9994%
$90,000 to $99,9996%
$100,000 and over30%
$100,000 to $124,99910%
$125,000 to $149,9997%
$150,000 to $199,9999%
$200,000 and over6%

Percentages are of the 350 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.

$39,980 · minimum here is $9,995
$885.11per month
Borrowed before insurance$159,920
Total borrowed$159,920
Interest over 25 years at 4.5%$105,614

If you rented it out

-$1,072.53per month out of pocket
Rent$0.00
Everything it costs to hold$1,072.53
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 REVEL Realty Inc., Brokerage. Listing data provided by the Toronto Regional Real Estate Board.