Key insights
This home is
13%
Time on Houseful
8 hours
School rated
5.8/10
Welland
0.01%
Highlights
Description
- Home value ($/Sqft)$500/Sqft
- Time on Housefulnew 8 hours
- Property typeResidential
- StyleSidesplit
- Neighbourhood
- Median school Score
- Garage spaces1
- Mortgage payment
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.
Sim Summan
of HOMELIFE DIAMONDS REALTY INC,
MLS®#40770101 updated 9 hours ago.
Houseful checked MLS® for data 9 hours ago.
Home overview
Amenities / Utilities
- Cooling Central air
- Heat type Forced air, natural gas
- Pets allowed (y/n) No
- Sewer/ septic Sewer (municipal)
Exterior
- Construction materials Brick
- Foundation Poured concrete
- Roof Asphalt shing
- # garage spaces 1
- # parking spaces 3
- Has garage (y/n) Yes
- Parking desc Attached garage
Interior
- # full baths 2
- # total bathrooms 2.0
- # of above grade bedrooms 9
- # of below grade bedrooms 3
- # of rooms 15
- Appliances Dryer, range hood, refrigerator, stove, washer
- Has fireplace (y/n) Yes
- Interior features Other
Location
- County Niagara
- Area Welland
- Water source Municipal
- Zoning description Rl1, rl2
- Directions Mi7447
Lot/ Land Details
- Lot desc Urban, schools
- Lot dimensions 55 x 137.5
Overview
- Approx lot size (range) 0 - 0.5
- Basement information Full, finished
- Building size 1800
- Mls® # 40770101
- Property sub type Single family residence
- Status Active
- Tax year 2025
Rooms Information
metric
- Bathroom Second
Level: 2nd - Primary bedroom Second
Level: 2nd - Bedroom Second
Level: 2nd - Bedroom Second
Level: 2nd - Bedroom Basement
Level: Basement - Kitchen Basement
Level: Basement - Bedroom Lower
Level: Lower - Bathroom Lower
Level: Lower - Bedroom Lower
Level: Lower - Bedroom Main
Level: Main - Kitchen Main
Level: Main - Bedroom Main
Level: Main - Living room Main
Level: Main - Dining room Main
Level: Main - Bedroom Main
Level: Main
SOA_HOUSEKEEPING_ATTRS
- Listing type identifier Idx
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$-2,400
/ Month25 Years fixed, 20% down payment, % interest
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