About 74 Macoomb Drive
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.
Features of 74 Macoomb Drive
| MLS® # | X12406834 |
|---|---|
| Price | $899,900 |
| Bedrooms | 6 |
| Bathrooms | 2.00 |
| Square Footage | 1,500 |
| Type | Residential Freehold |
| Sub-Type | Detached |
| Style | Sidesplit 4 |
| Status | Active |
Community Information
| Address | 74 Macoomb Drive |
|---|---|
| Area | Niagara |
| Subdivision | 767 - N. Welland |
| City | Welland |
| Province | ON |
| Postal Code | L3C 5T9 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Garages | Attached |
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | Inground |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Fireplace | No |
| Basement | Finished, Separate Entrance |
Exterior
| Exterior | Brick |
|---|
Listing Details
| Office | HOMELIFE/DIAMONDS REALTY INC. |
|---|