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About the Listing MI39 - MI6881
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 multitenant 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.
Listing Highlights for 550 First Ave
Interior Details
- Bedrooms: 6
- Bathrooms: 2 Full
- Appliances: Water Heater, Dryer, Range Hood, Refrigerator, Stove, Washer
- Air Cond: Central Air
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1092
- Below Ground Sq Ft: n/a
- Basement: Development Potential,Full,Finished
- Other: 2 Kitchens
- Water: Municipal
Exterior Details
- Lot Description: Urban,Dog Park,City Lot,Hospital
- Garage Capacity: N/A
- Parking Spaces: 4
- Lot Dimensions: 30 x 120
- Zoning: RL2
- Roof: Asphalt Shing
- Others:
- Sewer: Sewer (Municipal)
- Parking Features: Private Drive Single Wide
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 640740300
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Listing Location
Questions About..
550 First Ave Welland, ON L3C 1Z3
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