74 Macoomb Drive
767 - N. Welland, Welland, L3C 5T9
FOR SALE
$715,000
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6 + 3
BEDROOMS 3
BATHROOMS 1 + 1
KITCHENS 15
ROOMS X13639870
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Property Description
Excellent investment opportunity in the City of Welland! This well-maintained 9-bedroom home is a proven cashflow-positive property, generating strong rental income from day one. With its spacious layout and consistently high rental demand, this property is ideal for investors seeking immediate cash flow and long-term stability. A turnkey income-producing asset with excellent tenant appeal, offering reliable returns in one of Niagara's fastest-growing rental markets. Don't miss this opportunity to add a high-performing investment property to your portfolio. " 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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This well-maintained 2.5-storey home offers approximately 1,800+ sq. ft. of living space with 5+2 bedrooms, providing versatile living arrangements for a variety of needs. The property combines original character with thoughtful updates throughout.The main floor features bamboo flooring, approximately 9.5-ft ceilings, updated windows,modern lighting, and a separate dining room. The traditional layout offers comfortable living spaces with plenty of flexibility for everyday living and entertaining. Conveniently located near Highway 406, Seaway Mall, the Welland Canal, Niagara College, and public transit, providing easy access to nearby amenities, transportation routes, and services. The property is zoned RL2. Potential for an accessory unit may be available, subject to applicable municipal requirements, approvals, and buyer verification. A well-located property offering space, character, and flexibility, with features that may appeal to homeowners and buyers seeking additional living options. Buyer and buyer's representative to verify all measurements, room dimensions, permitted uses, zoning, and municipal requirements.
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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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