550 First Ave

For Sale 153 Days
$624,990
6 beds
2 baths
1,092 Sqft

550 First Ave

For Sale 153 Days
$624,990
6 beds
2 baths
1,092 Sqft

Highlights

Key insights

Description

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, making it a perfect hands-off investment in a high-demand rental market near Niagara College. This property has been well maintained and thoughtfully upgraded, featuring fresh new paint, a brand-new hot water tank (2024), and some new appliances. The functional layout offers spacious living areas, well-sized bedrooms, and a practical design, ideal for student housing or multitenant occupancy. A large backyard shed provides additional storage, adding value for tenants. Situated in a prime location, this property is just minutes from Niagara College, public transit, shopping, restaurants, and essential amenities, ensuring strong and consistent tenant demand. (id:63267)

Jessie Lall of ROYAL LEPAGE SIGNATURE REALTY,
#40714013
updated 2 weeks ago.
Houseful checked MLS® for data 2 weeks ago.

Home overview

Amenities / Utilities
  • Cooling
    Central air conditioning
  • Heat type
    Forced air
  • Sewer/ septic
    Municipal sewage system
Exterior
  • # total stories
    1
  • # parking spaces
    4
Interior
  • # full baths
    2
  • # total bathrooms
    2.0
  • # of above grade bedrooms
    6
Location
  • Subdivision
    767 - n. welland
Overview
  • Lot size (acres)
    0.0
  • Building size
    1092
  • Listing #
    40714013
  • Property sub type
    Single family residence
  • Status
    Active
Rooms Information metric
  • Bedroom
    0.33m X 0.33m
    Level: Basement
  • Kitchen
    0.33m X 0.33m
    Level: Basement
  • Bathroom (# of pieces - 4)
    0.33m X 0.33m
    Level: Basement
  • Bedroom
    0.33m X 0.33m
    Level: Basement
  • Bedroom
    0.33m X 0.33m
    Level: Basement
  • Living room
    0.33m X 0.33m
    Level: Main
  • Kitchen
    0.33m X 0.33m
    Level: Main
  • Bathroom (# of pieces - 4)
    Measurements not available
    Level: Main
  • Primary bedroom
    0.33m X 0.33m
    Level: Main
  • Bedroom
    0.33m X 0.33m
    Level: Main
  • Bedroom
    0.33m X 0.33m
    Level: Main
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28126422/550-first-ave-welland
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-1,667

/ Month
25 Years fixed, 20% down payment, % interest
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