74 Macoomb Drive
767 - N. Welland, Welland, L3C 5T9
FOR SALE
$749,000
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6 + 3
BEDROOMS3
BATHROOMS1 + 1
KITCHENS15
ROOMSX13502872
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Property Description
Excellent investment opportunity in the City of Welland! This property comes with 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. " VIRTUALLY STAGED PICTURES"
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2022-05-11 | 2022-06-10 | 30 | $759,999 | $725,000 |
| 2020-12-21 | 2020-12-29 | 8 | $489,000 | $502,000 |
| 2019-03-13 | 2019-04-18 | 36 | $419,000 | $370,000 |
Property Features
Other, Lane
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Property Details
Address
74 Macoomb Drive
Community
City
Postal Code
L3C 5T9
Property Type
Detached, Detached
Lot Size
55' x 138'
Taxes
$5,500 (2025
Basement
Finished, Separate Entrance
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Pool
Inground
Parking Spaces
2
Garage Type
Attached
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Listing contracted with Homelife/Diamonds Realty Inc.
TURNKEY INCOME-GENERATING PROPERTY. Freshly painted 8-bedroom (total), 3-bath detach in high-demand North Welland, offering excellent rental potential and strong tenant demand. FACING Niagara College's biggest campus, transit stop directly across the street, and minutes to the Seaway Mall, YMCA, grocery stores, and Hwy 406. Attached garage plus ample driveway parking. Possibility to create two separate units (buyer to verify), making it ideal for even higher cash flow. An ideal opportunity to add a dependable, high-demand rental to your portfolio or step confidently into your first investment.
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Income generating property with development potential! Excellent investment opportunity featuring a beautiful bungalow with 5 existing rentals on main level plus a separate entrance basement apartment. At the rear, a 2470 sqft warehouse, separately metered, with a drive-in door offers additional income potential (120V & 220V). Included are suggestive drawings to build a 6-plex above the warehouse. The property sits on a deep 42' x 210' lot. Versatile, income-producing, and primed for development, a rare find in a growing area of Welland. Existing rental information is provided.Can be purchased together with 258 Hellems for 948,900.
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