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Welland,ON L3C 1Z3
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,092 sqft
Price per Sqft $572
MLS Listing ID 40714013
Style Bungalow
Bedrooms 6
Full Baths 2
Abv Grd Liv Area 1,092
Originating Board Mississauga
Annual Tax Amount $3,211
Property Sub-Type Single Family Residence
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 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.
Location
Province ON
County Niagara
Area Welland
Zoning RL2
Direction South on Niagara St., West on Quaker Rd., South on First Ave.
Rooms
Basement Development Potential,Full,Finished
Main Level Bedrooms 3
Kitchen 2
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Appliance Water Heater,Dryer,Range Hood,Refrigerator,Stove,Washer
Laundry In Basement
Exterior
Roof Type Asphalt Shing
Lot Frontage 30.0
Lot Depth 120.0
Garage No
Building
Lot Description Urban,Dog Park,City Lot,Hospital
Faces South on Niagara St., West on Quaker Rd., South on First Ave.
Foundation Concrete Perimeter
Sewer Sewer (Municipal)
Water Municipal
Architectural Style Bungalow
Structure Type Aluminum Siding
New Construction No
Others
Senior Community No
Tax ID 640740300
Ownership Freehold/None