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$624,990
Status: For Sale
An incredible income-generating opportunity awaits at 550 First Ave, Welland! This 3+3 bedroom, 2-bathroom home is fully tenanted, bringing inover $4,100 per month in rental income, making it 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, a brand-new hot water tank (2024), and some newappliances. 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 justminutes from Niagara College, public transit, shopping, restaurants, and essential amenities, ensuring strong and consistent tenant demand.
| Property Type | :Residential |
|---|---|
| MLS Number | :40714013 |
| Listing Type | :Sale |
| Property Age | :31-50 Years |
| Possession Date | : |
| Last Updated | :08 Jul, 2025 (149 Days ago) |
| Source | :Mississauga |
| Area | :Niagara |
|---|---|
| City | :Welland |
| Area Major | :Welland |
| Area Minor | :767 - N. Welland |
| Postal Code | :
L3C 1Z3
|
| Directions | :South on Niagara St., West on Quaker Rd., South on First Ave. |
| Price | : $624,990 |
|---|---|
| Property Taxes | :$3211 |
| Tax Year | :2024 |
|---|
| Bedrooms | :6 + |
|---|---|
| No. of Rooms | :11 |
| Air Conditioning | :Central Air |
| Heating | :Forced Air |
| Bathrooms | :2 |
|---|---|
| Approx Square Footage | :1092 sqft |
| Kitchen | :0.33 m x 0.33 m |
|---|---|
| Bedroom Primary | :0.33 m x 0.33 m |
| Bedroom | :0.33 m x 0.33 m |
| Bedroom | :0.33 m x 0.33 m |
| Bedroom | :0.33 m x 0.33 m |
| Living Room | :0.33 m x 0.33 m |
|---|---|
| Bedroom | :0.33 m x 0.33 m |
| Bedroom | :0.33 m x 0.33 m |
| Kitchen | :0.33 m x 0.33 m |
08 Jul, 2025
TREB #40714013
Property update
$624990
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