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Welland,ON L3C 1Z3
Key Details
Property Type Single Family Home
Sub Type Semi-Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 767 - N. Welland
MLS Listing ID X11972793
Style Bungalow
Bedrooms 3
Annual Tax Amount $3,211
Tax Year 2024
Property Sub-Type Semi-Detached
Property 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.
Location
Province ON
County Niagara
Community 767 - N. Welland
Area Niagara
Rooms
Family Room No
Basement Finished
Kitchen 2
Separate Den/Office 3
Interior
Interior Features In-Law Suite,Primary Bedroom - Main Floor,Water Heater
Cooling Central Air
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 30.0
Lot Depth 120.0
Total Parking Spaces 4
Building
Unit Features Fenced Yard,Hospital,Library,Public Transit,Rec./Commun.Centre,School
Foundation Concrete