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:47421)
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Detailed Information
Bedrooms
3+3
Bathrooms
2
Lot
30 x 120 ft
Amenities Nearby
Hospital
Listing Contract Date
2025-02-13
Location Description
South on Niagara St., West on Quaker Rd., South on First Ave.
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Single Family
Transaction Type
For sale
Zoning Description
RL2
Building
Appliances
Dryer, Refrigerator, Stove, Washer, Hood Fan
Architectural Style
Bungalow
Basement Development
Finished
Basement Type
Full (Finished)
Construction Style (Attachment)
Semi-detached
Cooling Type
Central air conditioning
Exterior Finish
Aluminum siding
Fire Protection
Smoke Detectors
Heating Type
Forced air
Stories Total
1
Type
House
Utility Water
Municipal water
Rooms
Room
Level
Dimensions
Notes
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 level
1'1'' x 1'1''
Bedroom
Main level
1'1'' x 1'1''
Primary Bedroom
Main level
1'1'' x 1'1''
4pc Bathroom
Main level
Measurements not available
Living room
Main level
1'1'' x 1'1''
Kitchen
Main level
1'1'' x 1'1''
Land
Total Size
under 1/2 acre
Amenities
Hospital
Sewer
Municipal sewage system
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