550 FIRST AVE
Welland
L3C 1Z3
$624,990
Single Family
beds: 6
baths: 2.0
1,092 sq. ft.
- Status:
- Active
- Prop. Type:
- Single Family
- MLS® Num:
- 40714013
- Bedrooms:
- 6
- Bathrooms:
- 2
- Photos (40)
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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:2493)
- Property Type:
- Single Family
- Common Interest:
- Freehold
- Property Attached:
- Yes
- Total Living Area:
- 1,092 sq. ft.
- Finished Area Above Grade:
- 1,092 sq. ft.
- Zoning:
- RL2
- Taxes:
- $3,211 / -
- Community:
- 767 - N. Welland
- Exterior Features:
- Aluminum siding
- Security Features:
- Smoke Detectors
- Structure Type:
- House
- Appliances Included:
- Washer, Refrigerator, Stove, Dryer, Hood Fan
- Home Style:
- Bungalow
- Bedrooms:
- 6
- Bedrooms Above Grade:
- 3
- Bedrooms Below Grade:
- 3
- Bathrooms:
- 2.0
- Cooling:
- Central air conditioning
- Fireplace:
- No
- Heating:
- Forced air
- # Storeys:
- 1.0
- Water:
- Municipal water
- Sewer:
- Municipal sewage system
- Basement:
- Finished, Full
- Lot Frontage:
- 30'
- Total Parking Spaces:
- 4
- Floor
- Type
- Size
- Other
- Main level
- Bedroom
- 1'1" × 1'1"
- -
- Main level
- Bedroom
- 1'1" × 1'1"
- -
- Main level
- Primary Bedroom
- 1'1" × 1'1"
- -
- Main level
- Living room
- 1'1" × 1'1"
- -
- Main level
- Kitchen
- 1'1" × 1'1"
- -
- Basement
- Kitchen
- 1'1" × 1'1"
- -
- Basement
- Bedroom
- 1'1" × 1'1"
- -
- Basement
- Bedroom
- 1'1" × 1'1"
- -
- Basement
- Bedroom
- 1'1" × 1'1"
- -
- Floor
- Ensuite
- Pieces
- Other
- Main level
- No
- 4
- Basement
- No
- 4
- 1'1" x 1'1"
-
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Data was last updated August 23, 2025 at 12:45 AM (UTC)
Area Statistics
- Listings on market:
- 93
- Avg list price:
- $1,199,900
- Min list price:
- $299,000
- Max list price:
- $1,199,900
- Avg days on market:
- 39
- Min days on market:
- 1
- Max days on market:
- 431
- Avg price per sq.ft.:
- $509.94
These statistics are generated based on the current listing's property type
and located in
767 - N. Welland. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- Sam Huang
- RE/MAX Select Properties
- +1 (778) 381-9047
- Contact by Email
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