550 FIRST AVE, Welland, Ontario L3C1Z3 is For Sale and has a listing price of 649,990. The property is located in the neighbourhood. It's been on the website for 11 Days.
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. (id:43137)
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 02/13/2025 | 40698632 | $649,990 | For Sale | - | - |
| 4pc Bathroom - Basement | 1'1'' x 1'1'' |
| Kitchen - Basement | 1'1'' x 1'1'' |
| Bedroom - Basement | 1'1'' x 1'1'' |
| Bedroom - Basement | 1'1'' x 1'1'' |
| Bedroom - Basement | 1'1'' x 1'1'' |
| Bedroom - Main | 1'1'' x 1'1'' |
| Bedroom - Main | 1'1'' x 1'1'' |
| Primary Bedroom - Main | 1'1'' x 1'1'' |
| 4pc Bathroom - Main | Measurements not available |
| Living room - Main | 1'1'' x 1'1'' |
| Kitchen - Main | 1'1'' x 1'1'' |