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$899,900
Available - For Sale
Listing ID: X12406834
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.
Price $899,900
Taxes: $5,500
Occupancy by: Owner
Address: 74 Macoomb Driv , Welland, L3C 5T9, Niagara
Directions/Cross Streets: First Ave/ Woodlawn
Rooms: 15
Bedrooms: 6
Bedrooms +: 3
Washrooms: 2
Family Room: T
Basement: Finished
Separate Ent
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Main Kitchen 10.99 9.97
Room 2: Main Dining Ro 10.33 10.00
Room 3: Main Living Ro 18.01 11.41
Room 4: Main Bedroom 20.40 14.99
Room 5: Main Bedroom 2 9.97 9.97
Room 6: Main Bedroom 3 17.97 10.99
Room 7: Second Primary B 13.97 9.97
Room 8: Second Bedroom 2 9.97 8.99
Room 9: Second Bedroom 3 10.99 8.99
Room 10: Sub-Basement Bedroom 9.97 9.97
Room 11: Sub-Basement Bedroom 2 9.97 9.97
Room 12: Basement Kitchen 12.99 7.97
Room 13: Basement Bedroom 10.50 8.82
No. of Pieces Level
Washroom 1 4 Second
Washroom 2 3 Lower
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 4 Second
Washroom 7 3 Lower
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 4 Second
Washroom 12 3 Lower
Washroom 13 0
Washroom 14 0
Washroom 15 0
Property Type: Detached
Style: Sidesplit 4
Exterior: Brick
Garage Type: Attached
(Parking/)Drive: Lane
Drive Parking Spaces: 2
Park #1
Parking Type: Lane
Park #2
Parking Type: Lane
Pool: Inground
Approximatly Age: 51-99
Approximatly Square Footage: 1500-2000
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Forced Air
Central Air Conditioning: Central Air
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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Down payment: $  
Interest Rate: %  
Amortization :  Years
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
HOMELIFE/DIAMONDS REALTY INC.

74 Macoomb Driv , Welland, L3C 5T9, Niagara


 
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At a Glance:
Type: Freehold - Detached
Area: Niagara
Municipality: Welland
Neighbourhood: 767 - N. Welland
Style: Sidesplit 4
Lot Size: x 137.50(Feet)
Approximate Age: 51-99
Tax: $5,500
Maintenance Fee: $0
Beds: 6+3
Baths: 2
Garage: 0
Fireplace: N
Air Conditioning:
Pool: Inground
Locatin Map:
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This calculator is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

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