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. Plus, $8,000 worth of furnishings are included, making this a truly turnkey investment with minimal effort required.
Address
550 First Avenue
List Price
$624,990
Property Type
Residential Freehold
Type of Dwelling
Semi-Detached
Style of Home
Bungalow
Area
Welland
Sub-Area
767 - N. Welland
County
Niagara
Bedrooms
3 + 3
Bathrooms
2
Floor Area
< 700 Sq. Ft.
Lot Depth
120
Lot Size Units
Feet
Lot Width
30
Approx. Age
31 - 50 Years
MLS® Number
X12065599
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Basement Area
Finished
Postal Code
L3C 1Z3
Parking Places (Total)
4
Tax Amount
$3,211.00
Tax Year
2024
Interior Features
In-Law Suite, Primary Bedroom - Main Floor, Water Heater
Property Features
Fenced Yard, Hospital, Library, Public Transit, Rec./Commun.Centre, School
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
East
Foundation Details
Concrete
Garage Type
None
Kitchens Total
2
Other Structures
Garden Shed
Pool Features
None
Roof
Asphalt Shingle
Sewer
Sewer
