$624,990
3.83 BTC
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Map
550 First Avenue, Welland
$624,990
PRICE
3 + 3
BEDROOMS
2
BATHROOMS
X12065599
MLSID

550 First Avenue, Welland

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.
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Sold History

SOLD
4 October 2022
$535,000

Summary

Address
550 First Avenue
MLSID
X12065599
Property Type
Semi-Detached
Property Category
Bedrooms
3 + 3
Bathrooms
2
Kitchens
1 + 1
Taxes (Annual)
$3,211.00
Tax Year
2024
Published
April 7, 2025
Days on Market
126 Days
Possession Type
Flexible
Possession Details
Flexible
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Inclusions

ELF's, 2 Fridges, 2 Stoves, Washer, Dryer. $8,000 Of Furnishings, Shingles (2015), Furnace/AC (2019), Paint (2024), Hot Water Tank (2024),Newer Roof, Newer Electrical, Newer Plumbing

Exclusions

Tenant's Belongings

Details

Property Features
Fenced Yard, Hospital, Library, Public Transit, Rec./Commun.Centre, School
Bathroom 1
4-Piece Main Level
Bathroom 2
4-Piece Basement Level
Parking Spaces
4
Parking Total
4
Architectural Style
Bungalow
Roof
Asphalt Shingle
Construction Materials
Brick
Lot Width
30 Feet
Lot Depth
120 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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