74 Macoomb Dr, Welland, Ontario L3C 5T9
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Highlights
Estimated valueThis is the price Wahi expects this property to sell for.
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Price/Sqft$524/sqft
Monthly cost
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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.
Property Details
Interior
Features
Sub-Bsmt Floor
2nd Br
3.04 x 3.04Br
3.04 x 3.04Exterior
Features
Parking
Garage spaces -
Garage type -
Total parking spaces 2
Property History
5
