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74 Macoomb DR Welland, ON L3C 5T9
9 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home, Condo
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
Building Age 51-99
Annual Tax Amount $5,500
Tax Year 2025
Property Sub-Type Detached
Lot Depth 137.5
Lot Front 55.0
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
Province 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
Heating Yes
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Parking Features Lane
Pool Inground
Roof Type Other
Lot Frontage 55.0
Lot Depth 137.5
Total Parking Spaces 2
Building
Foundation Other
Listed by HOMELIFE/DIAMONDS REALTY INC.
