550 First Ave Welland, Ontario L3C 1Z3
$649,990
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:40227)
Property Details
| MLS® Number | 40698632 |
| Property Type | Single Family |
| AmenitiesNearBy | Hospital |
| ParkingSpaceTotal | 4 |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 3 |
| BedroomsBelowGround | 3 |
| BedroomsTotal | 6 |
| Appliances | Dryer, Refrigerator, Stove, Washer, Hood Fan |
| ArchitecturalStyle | Bungalow |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructionStyleAttachment | Semi-detached |
| CoolingType | Central Air Conditioning |
| ExteriorFinish | Aluminum Siding |
| FireProtection | Smoke Detectors |
| HeatingType | Forced Air |
| StoriesTotal | 1 |
| SizeInterior | 1092 Sqft |
| Type | House |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| LandAmenities | Hospital |
| Sewer | Municipal Sewage System |
| SizeDepth | 120 Ft |
| SizeFrontage | 30 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Rl2 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | 4pc Bathroom | 1'1'' x 1'1'' | ||
| Basement | Kitchen | 1'1'' x 1'1'' | ||
| Basement | Bedroom | 1'1'' x 1'1'' | ||
| Basement | Bedroom | 1'1'' x 1'1'' | ||
| Basement | Bedroom | 1'1'' x 1'1'' | ||
| Main Level | Bedroom | 1'1'' x 1'1'' | ||
| Main Level | Bedroom | 1'1'' x 1'1'' | ||
| Main Level | Primary Bedroom | 1'1'' x 1'1'' | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Living Room | 1'1'' x 1'1'' | ||
| Main Level | Kitchen | 1'1'' x 1'1'' |
https://www.realtor.ca/real-estate/27915415/550-first-ave-welland
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30 Eglinton Ave West Suite 7
Mississauga, Ontario L5R 3E7
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February 15 2025 12:28:28
Mississauga Real Estate Board
Royal LePage Signature Realty