Homes for sale - 74 Macoomb Drive, Welland, ON L3C 5T9

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Doug Folsetter

doug@folsetter.com +1(905) 515-5494

Listed by Sim Summan • HOMELIFE DIAMONDS REALTY INC

$899,900

Est. payment - /mo

9 Beds

2 Baths

1,800 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,800 sqft

Price per Sqft $499

MLS Listing ID 40770101

Style Sidesplit

Bedrooms 9

Full Baths 2

Abv Grd Liv Area 1,800

Annual Tax Amount $5,500

Property Sub-Type Detached

Source Cornerstone

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

Area Welland

Zoning RL1, RL2

Direction FIRST AVE/ WOODLAWN

Rooms

Basement Full, Finished

Main Level Bedrooms 3

Bedroom 2 3

Kitchen 2

Interior

Interior Features Other

Heating Forced Air, Natural Gas

Cooling Central Air

Fireplace No

Appliance Dryer, Range Hood, Refrigerator, Stove, Washer

Exterior

Parking Features Attached Garage

Garage Spaces 1.0

Roof Type Asphalt Shing

Lot Frontage 55.0

Lot Depth 137.5

Garage Yes

Building

Lot Description Urban, Schools

Faces FIRST AVE/ WOODLAWN

Foundation Poured Concrete

Sewer Sewer (Municipal)

Water Municipal

Architectural Style Sidesplit

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 640740468

Ownership Freehold/None

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Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

74 Macoomb Drive Welland, ON L3C 5T9

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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74 Macoomb Drive