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550 FIRST AVE, Welland, Ontario

$649,990

6 Beds
2 Baths
1,092 Square Feet

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 multi-tenant 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:23309)

Listing ID: 40698632
Property Type: Single Family

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Rooms

Level	Type	Dimensions
4pc Bathroom	Basement	1'1'' x 1'1''
Kitchen	Basement	1'1'' x 1'1''
Bedroom	Basement	1'1'' x 1'1''
Bedroom	Basement	1'1'' x 1'1''
Bedroom	Basement	1'1'' x 1'1''
Bedroom	Main level	1'1'' x 1'1''
Bedroom	Main level	1'1'' x 1'1''
Primary Bedroom	Main level	1'1'' x 1'1''
4pc Bathroom	Main level	Measurements not available
Living room	Main level	1'1'' x 1'1''
Kitchen	Main level	1'1'' x 1'1''

Details

Architectural Style: Bungalow
Amenities Nearby: Hospital
Ownership: Freehold
Parking Spaces: 4
Transaction: For sale
Zoning Description: RL2

Building

Appliances: Dryer, Refrigerator, Stove, Washer, Hood Fan
Architectural Style: Bungalow
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 3
Bedrooms Lower Level: 3
Construction Style Attachment: Semi-detached
Cooling: Central air conditioning
Exterior Finish: Aluminum siding
Fireplace Present: False
Fire Protection: Smoke Detectors
Bathrooms (Total): 2
Heating: Forced air
Size Interior: 1092 sqft
Stories Total: 1
Type: House
Utility Water: Municipal water

Land

Amenities: Hospital
Sewer: Municipal sewage system
Size Frontage: 30 ft

Listing provided by ROYAL LEPAGE SIGNATURE REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 550 FIRST AVE in Welland Ontario. It was last modified on February 14th, 2025. Contact Allan-John Boulanger to schedule a viewing or to discover other Welland homes for sale.

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