50
See all 50 photos
$624,990
Est. payment /mo
3 Beds
2 Baths
Active
550 First AVE Welland, ON L3C 1Z3
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Key Details
Property Type Single Family Home
Sub Type Semi-Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft < 700
Subdivision 767 - N. Welland
MLS Listing ID X12065599
Style Bungalow
Bedrooms 3
Building Age 31-50
Annual Tax Amount $3,211
Tax Year 2024
Property Sub-Type Semi-Detached
Property Description
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.
Location
Province ON
County Niagara
Community 767 - N. Welland
Area Niagara
Rooms
Family Room No
Basement Finished
Kitchen 2
Separate Den/Office 3
Interior
Interior Features In-Law Suite, Primary Bedroom - Main Floor, Water Heater
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 30.0
Lot Depth 120.0
Total Parking Spaces 4
Building
Unit Features Fenced Yard,Hospital,Library,Public Transit,Rec./Commun.Centre,School
Foundation Concrete
Listed by ROYAL LEPAGE SIGNATURE REALTY