Patio, street for 550 First Ave, Welland Ontario L3C 1Z3
7 days on Market

550 First Ave, Welland, Ontario L3C 1Z3

Semi-Detached
3 + 3
2
~1100-1500 sqft
$649,990
Get pre-qualifiedPowered by Neo Mortgage
Semi-Detached
3 + 3
2
~1100-1500 sqft

Contact us about this property

Call

Highlights

Estimated ValueNot available

Price/Sqft$512/sqft

Est. Mortgage$2,791/mo

Tax Amount (2024)$3,211/yr

Days On Market7 days


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, makingit a perfect hands-off investment in a high-demand rental market near Niagara College. Thisproperty has been well maintained and thoughtfully upgraded, featuring fresh new paint, abrand-new hot water tank (2024), and some new appliances. The functional layout offers spaciousliving areas, well-sized bedrooms, and a practical design, ideal for student housing ormulti-tenant occupancy. A large backyard shed provides additional storage, adding value fortenants. Situated in a prime location, this property is just minutes from Niagara College,public transit, shopping, restaurants, and essential amenities, ensuring strong and consistenttenant demand. Plus, $8,000 worth of furnishings are included, making this a truly turnkeyinvestment with minimal effort required.


Property Details

StyleBungalow
View-
Age of property31-50
SqFt~1100-1500 SqFt
Lot Size3,600 SqFt(120 x 30)
Parking Spaces4
MLS ®NumberX11972793
Community NameSeaway Mall Area
Data SourceTRREB
Listing byROYAL LEPAGE SIGNATURE REALTY

Features

Heating: Forced Air
Cooling: Central Air
Basement: Finished

Features

Lot size: 3,600 SqFt

Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property listed by ROYAL LEPAGE SIGNATURE REALTY, Brokerage
Agent Banner Image
Interested in this property?Get in touch to get the inside scoop.

Population and Demographics

Overview

Total population 4916
Average household income $113,089

Age (%)

65 and plus
25%
50 to 64
21%
0 to 19
19%
20 to 34
18%
35 to 49
17%

Household composition (%)

Single family
69%
Single person
26%
Multi person
5%
Multi family
0%

Mother tongue (%)

English
85%
French
6%
Others
3%
Italian
2%
Spanish
1%
English and French
1%

House tenancy (%)

Owners
80%
Renters
20%

Schools and amenities

Estimated Budget