Welland, ON L3C1Z3 550 FIRST AVE

$624,990

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Presented By: ROYAL LEPAGE SIGNATURE REALTY
  • MLS# 40714013
  • 04/03/2025
  • Request Tour
  • Request Info
  • Beds • 3+3
  • Baths • 2
  • SQFT • 1,092

Home Details

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:7434)
Presented By: ROYAL LEPAGE SIGNATURE REALTY

Interior Features for 550 FIRST AVE

Bedrooms

Bedrooms3+3

Other Interior Features

Basement DevelopmentFinished
Basement TypeFull (Finished)
Building Fireplace PresentFalse
Building Heating TypeForced air
Construction Style AttachmentSemi-detached
Living Area Range1092

General for 550 FIRST AVE

AmenitiesHospital
Building AppliancesDryer, Refrigerator, Stove, Washer, Hood Fan
Building Architectural StyleBungalow
Building Cooling TypeCentral air conditioning
Building TypeHouse
Building.StoriesTotal1
Location DescriptionSouth on Niagara St., West on Quaker Rd., South on First Ave.
Ownership TypeFreehold
Parking Space Total4
Property TypeSingle Family
Zoning DescriptionRL2

Exterior for 550 FIRST AVE

Acreageunder 1/2 acre
Exterior FinishAluminum siding
Land Amenities Hospital
SewerMunicipal sewage system

Additional Details

Paul Dojcinovic

TEAM LEADER, REALTOR® at eXp Realty
Price $624,990
MLS#40714013
List Date 04/03/2025
Property Type Single Family
Phone 403.608.2191
Request Tour
Request Info
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