Welland, ON L3C1Z3 550 FIRST AVENUE

$624,990

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Presented By: ROYAL LEPAGE SIGNATURE REALTY
  • MLS# X12065599
  • 04/03/2025
  • Request Tour
  • Request Info
  • Beds • 3+3
  • Baths • 2
  • SQFT • 0 - 699

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 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. (id:7434)
Presented By: ROYAL LEPAGE SIGNATURE REALTY

Interior Features for 550 FIRST AVENUE

Bedrooms

Bedrooms3+3

Other Interior Features

Basement DevelopmentFinished
Basement TypeN/A (Finished)
Building Fireplace PresentFalse
Building Heating FuelNatural gas
Building Heating TypeForced air
Construction Style AttachmentSemi-detached
Living Area Range0 - 699

General for 550 FIRST AVENUE

AmenitiesHospital, Public Transit, Schools
Building Age31 to 50 years
Building AppliancesWater Heater, Dryer, Two stoves, Washer, Two Refrigerators
Building Architectural StyleBungalow
Building Cooling TypeCentral air conditioning
Building TypeHouse
Building.StoriesTotal1
Community FeaturesCommunity Centre
CommunityName767 - N. Welland
FeaturesIn-Law Suite
Foundation TypeConcrete
Location DescriptionFirst Ave/Niagara College Blvd
Ownership TypeFreehold
Parking Space Total4
Property TypeSingle Family

Exterior for 550 FIRST AVENUE

Exterior FinishBrick
Fence TypeFenced yard
Land Amenities Hospital, Public Transit, Schools
SewerSanitary sewer
StructureShed

Additional Details

Paul Dojcinovic

TEAM LEADER, REALTOR® at eXp Realty
Price $624,990
MLS#X12065599
List Date 04/03/2025
Property Type Single Family
Phone 403.608.2191
Request Tour
Request Info
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