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$ 899,900
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Active
74 Macoomb DR Welland, ON L3C 5T9
9 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 767 - N. Welland
MLS Listing ID X12406834
Style Sidesplit 4
Bedrooms 9
Annual Tax Amount $5,500
Tax Year 2025
Property Sub-Type Detached
Property Description
Excellent investment opportunity in the City of Welland! This property currently generates $5,700/month in rental income from an existing 9-bedroom home, offering strong cashflow from day one. The site also benefits from Welland's latest zoning amendment, which permits up to 4 residential units on a single lot. With potential severance, this property can support development of up to 8 units in total (4 per lot), subject to standard municipal approvals plus additional units in addition to 8 units if the developer proposes to apply for approval for more units Secure steady income now while unlocking significant future development potential in one of Niagara's fastest-growing rental markets.
Location
State ON
County Niagara
Community 767 - N. Welland
Area Niagara
Rooms
Family Room Yes
Basement Finished, Separate Entrance
Kitchen 2
Separate Den/Office 3
Interior
Interior Features Other
Cooling Central Air
Inclusions 2 Stove, 4 fridge, washer, 2 dryer.
Exterior
Parking Features Lane
Pool Inground
Roof Type Other
Lot Frontage 55.0
Lot Depth 137.5
Total Parking Spaces 2
Building
Building Age 51-99
Foundation Other
Others
Senior Community Yes
ParcelsYN No
Listed by HOMELIFE/DIAMONDS REALTY INC.
