<-- style PDP --> 550 First Avenue, Welland - Semi-Detached for sale for $624,990
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550 First Avenue

Welland, Ontario, L3C 1Z3 - N. Welland

$624,990

  • Neighbourhood

    N. Welland

  • Major Intersection

    First Ave/Niagara College Blvd

  • Listed Since: 96 day(s)

  • Last update: 91 day(s) ago

Overview

  • Property Type

    Semi-Detached, Bungalow

  • Bedrooms

    3 + 3

  • Bathrooms

    2

  • Basement

    Finished

  • Kitchen

    1 + 1

  • Total Parking

    4

  • Lot Size

    30x120 (Feet)

  • Taxes

    $3,211.00 (2024)

  • Type

    Freehold

Property Description

Property description for 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.

Listed by ROYAL LEPAGE SIGNATURE REALTY

  • MLS #

    X12065599

  • Sq. Ft

    < 700

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    31-50

  • Pool

    None

  • Drive

    n/a

  • Garage

    None

  • Total Parking

    4

  • Family Room

    N

  • Den

    N

  • Exterior

    Brick

  • Fireplace

    N

  • Roof

    Asphalt Shingle

  • Foundation

    Concrete

  • Elevator

    N

  • Water View

    n/a

  • Laundry Level

    Lower

  • Heat

    Forced Air

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

  • MLS #

    X12065599

  • Sq. Ft

    < 700

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    31-50

  • Pool

    None

  • Drive

    n/a

  • Garage

    None

  • Total Parking

    4

  • Family Room

    N

  • Den

    N

  • Exterior

    Brick

  • Fireplace

    N

  • Roof

    Asphalt Shingle

  • Foundation

    Concrete

  • Elevator

    N

  • Water View

    n/a

  • Laundry Level

    Lower

  • Heat

    Forced Air

  • A/C

    Central Air

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    Sewers

  • Central Vac

    N

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

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Contact Manoj Kukreja

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

Manoj profile avatar

Property History

Property history for 550 First Avenue, Welland

This property has been sold 2 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

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Estimated price

Date
Price
Change
2025-04-07
$610,635
-0.95%

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

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

Manoj profile avatar

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