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$624,990
550 FIRST AVE
Welland, Ontario, Ontario, L3C1Z3
MLS® Number: 40714013
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.
Building information
Type
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Appliances
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Architectural Style
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Basement Development
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Basement Type
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Construction Style Attachment
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Cooling Type
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Exterior Finish
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Fire Protection
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Heating Type
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Size Interior
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Stories Total
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Utility Water
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Land information
Amenities
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Sewer
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Size Depth
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Size Frontage
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Size Total
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Rooms
Main level
Kitchen
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Living room
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4pc Bathroom
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Primary Bedroom
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Bedroom
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Bedroom
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Basement
Bedroom
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Bedroom
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Bedroom
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Kitchen
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4pc Bathroom
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Courtesy of ROYAL LEPAGE SIGNATURE REALTY
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