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550 First Ave
Welland ON , L3C 1Z3 , CAN
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$649,990.00
MLS® X11972793
House
Annual Tax Amount: $3,211.00
Lot Frontage: 30 Feet
Lot Depth: 120 Feet
No. of Parking Spaces: 4
Total Bedrooms: 3+3
Total Bathrooms: 3
Remarks:
An incredible income-generating opportunity awaits at 550 First Ave, Welland! This 3+3 bedroom,2-bathroom home is fully tenanted, bringing in over $4,100 per month in rental income, makingit a perfect hands-off investment in a high-demand rental market near Niagara College. Thisproperty has been well maintained and thoughtfully upgraded, featuring fresh new paint, abrand-new hot water tank (2024), and some new appliances. The functional layout offers spaciousliving areas, well-sized bedrooms, and a practical design, ideal for student housing ormulti-tenant occupancy. A large backyard shed provides additional storage, adding value fortenants. Situated in a prime location, this property is just minutes from Niagara College,public transit, shopping, restaurants, and essential amenities, ensuring strong and consistenttenant demand. Plus, $8,000 worth of furnishings are included, making this a truly turnkeyinvestment with minimal effort required.

Property Features:
  • Fronting On (NSEW): E
  • Family Room: No
  • Occupancy: Tenant
  • Other Structures: Garden Shed
  • Pool: None
  • Sewers: Sewers
  • Approx Square Footage: 1100-1500
  • Style: Bungalow
  • Water: Municipal
  • Approx Age: 31-50
Building Features:
  • Basement: Finished
  • Central Vac: No
  • Exterior: Brick
  • Fireplace/Stove: No
  • Heat Source: Gas
  • Garage Type: None
  • Heat Type: Forced Air

All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

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