About 74 Macoomb Drive
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.
Features of 74 Macoomb Drive
| MLS® # | 40770101 |
|---|---|
| Price | $899,900 |
| Bedrooms | 9 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 1,800 |
| Acres | 0.00 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Sidesplit |
| Status | Active |
Community Information
| Address | 74 Macoomb Drive |
|---|---|
| Area | Welland |
| Subdivision | 767 - N. Welland |
| City | Welland |
| County | Niagara |
| Province | ON |
| Postal Code | L3C 5T9 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Parking | Attached Garage |
| # of Garages | 1.00 |
| Is Waterfront | No |
Interior
| Interior Features | Other |
|---|---|
| Appliances | Dryer, Range Hood, Refrigerator, Stove, Washer |
| Heating | Forced Air, Natural Gas |
| Cooling | Central Air |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full, Finished |
Exterior
| Lot Description | Urban, Schools |
|---|---|
| Roof | Asphalt Shing |
| Construction | Brick |
| Foundation | Poured Concrete |
Additional Information
| Date Last Updated | October 19th, 2025 |
|---|---|
| Zoning | RL1, RL2 |
Listing Details
| Office | HOMELIFE DIAMONDS REALTY INC |
|---|