550 First Avenue

550 First Avenue
550 First Avenue
550 First Avenue
+47
3+3
 bed
2
 bath
4
 parking
-
 sqft
Semi-Detached
$624,990
For Sale
18 days
 on site
$624,990
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Size
-
Lot size
3600 sqft
Street frontage
-
Possession
Flexible
Price per sqft
-
Taxes
$3,211 (2024)
Parking Type
-
Style
Bungalow
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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.
Broker: ROYAL LEPAGE SIGNATURE REALTY
MLS®#: X12065599
Property details
Parking:
4
Parking type:
-
Property type:
Semi-Detached
Heating type:
Forced Air
Style:
Bungalow
MLS Size:
0-700 sqft
Lot front:
30 Ft
Lot depth:
120 Ft
Listed on:
Apr 3, 2025
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Instant estimate:
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$9,178
lower than listed price
i
High
$634,914
Mid
$615,812
Low
$599,445
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$999,999
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About 550 First Avenue

550 First Avenue is a Welland semi detached house for sale. It has been listed at $624990 since April 2025. This semi detached house has 3+3 beds, 2 bathrooms and is (over) 700 sqft.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this semi detached house.

For those residents of 550 First Ave, Welland without a car, you can get around quite easily. The closest transit stop is a Bus Stop (First Av / College Park Dr) and is a short distance away connecting you to Welland's public transit service. It also has route Niagara St nearby.