550 First Avenue For Sale

Welland, N. Welland, L3C 1Z3

$624,990

Description

Listed by ROYAL LEPAGE SIGNATURE REALTY.

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.

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

Location

View Map
  • Address: 550 First Avenue
  • Neighborhood: N. Welland
  • City: Welland
  • State: Ontario
  • Postal Code: L3C 1Z3

Property Details

  • Property ID: X12065599
  • Property Price: $624,990
  • Style: Semi-Detached, Bungalow
  • Sq/Ft: < 700
  • Rooms: 6+6
  • Bedrooms: 3+3
  • Bath: 2
  • Parking Spaces: 4
  • Year Built: 31-50
  • A/C: Central Air
  • Basement: Finished
  • Central Vac.: N
  • Den: N
  • Elevator: N
  • Exterior: Brick
  • Heating: Forced Air
  • Fireplace: N
  • Taxes: $3,211.00 (2024)
  • Lot: 120x30 (Feet)

Recently Sold

  • Semi-Detached House sold at 52 Burcher Road, Ajax, South East, L1S 2R1 - MLS: E11914946
    • Sold 68 days ago

    52 Burcher Road

    Ajax, South East, L1S 2R1

    $699,999

    $000000

  • Semi-Detached House sold at 1072 Central Park Boulevard, Oshawa, Centennial, L1G 7G8 - MLS: E11928786
    • Sold 70 days ago

    1072 Central Park Boulevard

    Oshawa, Centennial, L1G 7G8

    $599,900

    $000000

  • Semi-Detached House sold at 110 Poldon Drive, Norwich, Norwich Town, N0J 1P0 - MLS: X11943369
    • Sold 45 days ago

    110 Poldon Drive

    Norwich, Norwich Town, N0J 1P0

    $599,000

    $000000

  • Contact Manoj Kukreja

    Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
    (647) 576 - 2100

    Nearby Listings

    Semi-Detached House for sale at 550 First Avenue, Welland, N. Welland, L3C 1Z3 - MLS: X11972793
    • For Sale

    550 First Avenue

    Welland, N. Welland, L3C 1Z3

    • 3+3 Bedrooms
    • 2 Bath
    • 1100-1500 sq ft
    Semi-Detached House for sale at 414 First Avenue, Welland, N. Welland, L3C 5Z1 - MLS: X12017522
    • For Sale

    414 First Avenue

    Welland, N. Welland, L3C 5Z1

    • 3+3 Bedrooms
    • 2 Bath
    • 1100-1500 sq ft