Added 1 week ago
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Type: Semi-Detached
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Style: Bungalow
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Size: 1100 sqft
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Lot Size: 30 x 120 Feet
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Age: 31-50 years
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Taxes: $3,211 per year
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Days on Site: 1 Days
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Added: Feb 13, 2025 (1 week ago)
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Updated:
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Last Checked: 1 hour ago
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MLS®#: X11972793
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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, makingit a perfect hands-off investment in a high-demand rental market near Niagara College. Thisproperty has been well maintained and thoughtfully upgraded, featuring fresh new paint, abrand-new hot water tank (2024), and some new appliances. The functional layout offers spaciousliving areas, well-sized bedrooms, and a practical design, ideal for student housing ormulti-tenant occupancy. A large backyard shed provides additional storage, adding value fortenants. Situated in a prime location, this property is just minutes from Niagara College,public transit, shopping, restaurants, and essential amenities, ensuring strong and consistenttenant demand. Plus, $8,000 worth of furnishings are included, making this a truly turnkeyinvestment with minimal effort required.
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Property
Status: Sale
Property Type: Semi-Detached
Style: Bungalow
Size (sq ft): 1100
Age: 31-50
Area: Welland
Community: 767 - N. Welland
Availability Date: Flexible
Inside
Bedrooms: 3
Bedrooms Plus: 3
Bathrooms: 2
Kitchens: 1
Kitchens Plus: 1
Rooms: 6
Den/Family Room: No
Air Conditioning: Central Air
Fireplace: No
Laundry Level: Lower
Central Vacuum: N
Washrooms: 2
Building
Basement: Finished
Heat Type: Forced Air
Heat Source: Gas
Exterior: Brick
Elevator: N
Water Supply: Municipal
Special Designation: Unknown
Other Structures: Garden Shed
Parking
Garage Type: None
Covered Parking Spaces: 4
Total Parking Spaces: 4
Fees
Tax Year: 2024
Tax Legal Description: PCL 4-2 SEC M25; PT LT 4 PL M25, PTS 1 & 2 59R1924 ; S/T BB93085
Taxes: $3,211
Highlights
Feature: Fenced Yard
Feature: Hospital
Feature: Library
Feature: Public Transit
Feature: Rec Centre
Feature: School
Land
Cross Street: First Ave/Niagara Co
Municipality District: Welland
Fronting On: East
Pool: None
Sewer: Sewers
Lot Depth: 120 Feet
Lot Frontage: 30 Feet
Car-Dependent
- Most errands require a car.
Some Transit
- Most errands require a car.
Bikeable
- Some errands can be accomplished on bike.
École élémentaire Nouvel Horizon
Elementary: PublicGlendale Public School
Elementary: PublicRoss Public School
Elementary: PublicQuaker Road Public School
Elementary: PublicAlexander Kuska KSG Catholic Elementary School
Elementary: CatholicSt Kevin Catholic Elementary School
Elementary: CatholicÉcole secondaire Confédération
Secondary: PublicEastdale Secondary School
Secondary: PublicÉSC Jean-Vanier
Secondary: CatholicCentennial Secondary School
Secondary: PublicE L Crossley Secondary School
Secondary: PublicNotre Dame College School
Secondary: Catholic-
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