74 Macoomb Drive Welland, Ontario L3C 5T9
$899,900
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. (id:61852)
Property Details
| MLS® Number | X12406834 |
| Property Type | Single Family |
| Community Name | 767 - N. Welland |
| EquipmentType | Water Heater |
| Features | Lane |
| ParkingSpaceTotal | 2 |
| PoolType | Inground Pool |
| RentalEquipmentType | Water Heater |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 6 |
| BedroomsBelowGround | 3 |
| BedroomsTotal | 9 |
| Age | 51 To 99 Years |
| Appliances | Dryer, Two Stoves, Washer, Refrigerator |
| BasementDevelopment | Finished |
| BasementFeatures | Separate Entrance |
| BasementType | N/a (finished) |
| ConstructionStyleAttachment | Detached |
| ConstructionStyleSplitLevel | Sidesplit |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Brick |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| SizeInterior | 1500 - 2000 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Parking
| Attached Garage | |
| Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 137 Ft ,6 In |
| SizeFrontage | 55 Ft |
| SizeIrregular | 55 X 137.5 Ft |
| SizeTotalText | 55 X 137.5 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 4.26 m | 3.04 m | 4.26 m x 3.04 m |
| Second Level | Bedroom 2 | 3.04 m | 2.74 m | 3.04 m x 2.74 m |
| Second Level | Bedroom 3 | 3.35 m | 2.74 m | 3.35 m x 2.74 m |
| Basement | Kitchen | 3.96 m | 2.43 m | 3.96 m x 2.43 m |
| Basement | Bedroom | 3.2 m | 2.69 m | 3.2 m x 2.69 m |
| Main Level | Kitchen | 3.35 m | 3.04 m | 3.35 m x 3.04 m |
| Main Level | Dining Room | 3.15 m | 3.05 m | 3.15 m x 3.05 m |
| Main Level | Living Room | 5.49 m | 3.48 m | 5.49 m x 3.48 m |
| Main Level | Bedroom | 6.22 m | 4.57 m | 6.22 m x 4.57 m |
| Main Level | Bedroom 2 | 3.04 m | 3.04 m | 3.04 m x 3.04 m |
| Main Level | Bedroom 3 | 5.48 m | 3.35 m | 5.48 m x 3.35 m |
| Sub-basement | Bedroom | 3.04 m | 3.04 m | 3.04 m x 3.04 m |
| Sub-basement | Bedroom 2 | 3.04 m | 3.04 m | 3.04 m x 3.04 m |
https://www.realtor.ca/real-estate/28869792/74-macoomb-drive-welland-n-welland-767-n-welland
Interested?
Contact us for more information
Sim Summan
Salesperson
30 Intermodal Dr #207-208
Brampton, Ontario L6T 5K1
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September 16 2025 05:45:00
Toronto Real Estate Board
Homelife/diamonds Realty Inc.