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.
For sale
C$624,990
550 1st Ave, Welland, ON L3C 1Z3
6beds
1,092sqft
Single Family Residence, Residential
Built in ----
3,600 Square Feet Lot
$-- Zestimate®
C$572/sqft
C$-- HOA
What's special
- 23 days
- on Zillow |
- 6 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: April 05, 2025 at 01:16pm
Listed by:
Jessie Lall, Salesperson,
ROYAL LEPAGE SIGNATURE REALTY
Source: ITSO,MLS®#: 40714013Originating MLS®#: Mississauga Real Estate Board
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 3
Kitchen
- Level: Basement,Main
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Water Heater, Dryer, Range Hood, Refrigerator, Stove, Washer
- Laundry: In Basement
Features
- Basement: Development Potential,Full,Finished
- Has fireplace: No
Interior area
- Total structure area: 1,092
- Total interior livable area: 1,092 sqft
- Finished area above ground: 1,092
Property
Parking
- Total spaces: 4
- Parking features: Private Drive Single Wide
- Uncovered spaces: 4
Features
- Frontage type: East
- Frontage length: 30.00
Lot
- Size: 3,600 Square Feet
- Dimensions: 120 x 30
- Features: Urban, Dog Park, City Lot, Hospital
Details
- Parcel number: 640740300
- Zoning: RL2
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence, Residential
- Attached to another structure: Yes
Materials
- Aluminum Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt Shing
Condition
- 31-50 Years
- New construction: No
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
Location
- Region: Welland
Financial & listing details
- Price per square foot: C$572/sqft
- Annual tax amount: C$3,211
- Date on market: 4/5/2025
- Inclusions: Dryer, Range Hood, Refrigerator, Stove, Washer
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