Welland L3C 5T9 Ontario
MLS: X12406834
Added 2 hours ago | For Sale
Listed by: HOMELIFE/DIAMONDS REALTY INC.
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.
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Kitchen | 11 ft x 10 ft | |
| Dining Room | 10 ft, 4 in x 10 ft | ||
| Living Room | 18 ft x 11 ft, 5 in | ||
| Bedroom | 20 ft, 5 in x 15 ft | ||
| Bedroom 2 | 10 ft x 10 ft | ||
| Bedroom 3 | 18 ft x 11 ft | ||
| Second | Primary Bedroom | 14 ft x 10 ft | |
| Bedroom 2 | 10 ft x 9 ft | ||
| Bedroom 3 | 11 ft x 9 ft | ||
| Basement | Kitchen | 13 ft x 8 ft | |
| Bedroom | 10 ft, 6 in x 8 ft, 10 in | ||
| Sub-Basement | Bedroom | 10 ft x 10 ft | |
| Bedroom 2 | 10 ft x 10 ft |
No property rooms available.
