550 First Avenue

550 First Avenue
550 First Avenue
550 First Avenue
+35
3+3
 bed
2
 bath
4
 parking
1100 - 1500
 sqft
Semi-Detached
$649,990
For Sale
48 days
 on site
$649,990
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Size
-
Lot size
3600 sqft
Street frontage
-
Possession
-
Price per sqft
$433 - $591
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, 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.
Broker: ROYAL LEPAGE SIGNATURE REALTY
MLS®#: X11972793
Property details
Parking:
4
Parking type:
-
Property type:
Semi-Detached
Heating type:
Forced Air
Style:
Bungalow
MLS Size:
1100-1500 sqft
Lot front:
30 Ft
Lot depth:
120 Ft
Listed on:
Feb 13, 2025
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Instant estimate:
orto view instant estimate
$26,570
lower than listed price
i
High
$642,758
Mid
$623,420
Low
$606,851

About 550 First Avenue

550 First Avenue is a Welland semi detached house for sale. It was listed at $649990 in February 2025 and has 3+3 beds and 2 bathrooms.

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

Living in this semi detached house is easy. There is also First Av / College Park Dr Bus Stop, a short distance away, with route Niagara St nearby.