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:61594)
| MLS® Number | 40698632 |
| Property Type | Single Family |
| Amenities Near By | Hospital |
| Parking Space Total | 4 |
| Bathroom Total | 2 |
| Bedrooms Above Ground | 3 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 6 |
| 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 |
| Size Interior | 1,092 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
| Acreage | No |
| Land Amenities | Hospital |
| Sewer | Municipal Sewage System |
| Size Depth | 120 Ft |
| Size Frontage | 30 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rl2 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | 4pc Bathroom | 1'1'' x 1'1'' | ||
| Basement | Kitchen | 1'1'' x 1'1'' | ||
| Basement | Bedroom | 1'1'' x 1'1'' | ||
| Basement | Bedroom | 1'1'' x 1'1'' | ||
| Basement | Bedroom | 1'1'' x 1'1'' | ||
| Main Level | Bedroom | 1'1'' x 1'1'' | ||
| Main Level | Bedroom | 1'1'' x 1'1'' | ||
| Main Level | Primary Bedroom | 1'1'' x 1'1'' | ||
| Main Level | 4pc Bathroom | Measurements not available | ||
| Main Level | Living Room | 1'1'' x 1'1'' | ||
| Main Level | Kitchen | 1'1'' x 1'1'' |
https://www.realtor.ca/real-estate/27915415/550-first-ave-welland
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
