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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

    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.
    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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