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Welland (n. Welland),ON L3C5T9
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,500 sqft
Price per Sqft $599
Subdivision 767 - N. Welland
MLS Listing ID X12406834
Bedrooms 9
Property Sub-Type Freehold
Source Toronto Regional Real Estate Board
Property 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. (id:24570)
Location
Province ON
Rooms
Kitchen 2.0
Extra Room 1 Second level 4.26 m X 3.04 m Primary Bedroom
Extra Room 2 Second level 3.04 m X 2.74 m Bedroom 2
Extra Room 3 Second level 3.35 m X 2.74 m Bedroom 3
Extra Room 4 Basement 3.96 m X 2.43 m Kitchen
Extra Room 5 Basement 3.2 m X 2.69 m Bedroom
Extra Room 6 Main level 3.35 m X 3.04 m Kitchen
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features Yes
View Y/N No
Total Parking Spaces 2
Private Pool Yes
Building
Sewer Sanitary sewer
Others
Ownership Freehold