ON > Welland > 767 - N. Welland
Welland, ON L3C 1Z3,550 First AVE
Welland, ON L3C 1Z3,550 First AVE
Welland, ON L3C 1Z3,550 First AVE
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Gail Reeves Reid

Gail Reeves Reid

+1(416) 540-8681
$624,990
Est. payment /mo
6 Beds
2 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Semi-Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft < 700

Subdivision 767 - N. Welland

MLS Listing ID X12065599

Style Bungalow

Bedrooms 6

Building Age 31-50

Annual Tax Amount $3,211

Tax Year 2024

Property Sub-Type Semi-Detached

Lot Depth 120.0

Lot Front 30.0

Appx SqFt < 700

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 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.

Location

Province ON

County Niagara

Community 767 - N. Welland

Area Niagara

Rooms

Family Room No

Basement Finished

Kitchen 2

Separate Den/Office 3

Interior

Interior Features In-Law Suite, Primary Bedroom - Main Floor, Water Heater

Cooling Central Air

Inclusions 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

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 30.0

Lot Depth 120.0

Total Parking Spaces 4

Building

Foundation Concrete

Others

Senior Community No

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Listed by ROYAL LEPAGE SIGNATURE REALTY

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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