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74 Macoomb Drive, Welland, ON L3C 5T9
Welland, ON, L3C 5T9
MLS® Number : X12406834
9 Beds / 2 Baths / 2 Parking
Lot Front: 55 Feet / Lot Depth: 137.5 Feet
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.
Extras
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Property Type
Detached
Neighbourhood
767 - N. Welland
Garage Spaces
2
Property Taxes
$ 5,500
Area
Niagara
Additional Details
Building
Bedrooms
9
Bathrooms
2
Utilities
Water
Municipal
Sewer
Sewer
Features
Kitchen
2
Family Room
Yes
Basement
Finished, Separate Entrance
Fireplace
No
External Features
External Finish
Brick
Property Features
Cooling And Heating
Cooling Type
Central Air
Heating Type
Forced Air
Bungalows Information
Days On Market
0 Days
Rooms
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