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550 FIRST AVE
Welland Ontario , L3C1Z3 , Canada
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$649,990.00
MLS® 40698632
House
Lot Frontage: 30.0 Feet
Lot Depth: 120.0 Feet
No. of Parking Spaces: 4
Total Bedrooms: 3+3
Total Bathrooms: 2
Zoning: RL2
Remarks:
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:7526)

Property Features:
  • Amenities Nearby: Hospital
  • OwnershipType: Freehold
  • Property Type: Single Family
  • Sewer: Municipal sewage system
Building Features:
  • Appliances: Dryer , Refrigerator , Stove , Washer , Hood Fan
  • Architectural Style: Bungalow
  • Basement Development: Finished
  • Basement Type: Full
  • Building Type: House
  • Construction Style - Attachment: Semi-detached
  • Cooling Type: Central air conditioning
  • Exterior Finish: Aluminum siding
  • Fire Protection: Smoke Detectors
  • Heating Type: Forced air
Rooms:
  • Bathroom
    • Basement Level
  • Kitchen
    • Basement Level
  • Bedroom
    • Basement Level
  • Bedroom
    • Basement Level
  • Bedroom
    • Basement Level
  • Bedroom
    • Main Level
  • Bedroom
    • Main Level
  • Primary Bedroom
    • Main Level
  • Bathroom
    • Main Level
  • Living
    • Main Level
  • Kitchen
    • Main Level
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All information displayed is believed to be accurate, but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.

Not intended to solicit properties currently listed for sale.

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