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550 First Avenue

Welland, L3C 1Z3
6 Beds
2 Bath
< 700 sqft
14 days ago

$624,990

Est. Payment
$2,387/mo*
*Based on 20% down, 4% interest, 30-year term
Listed by ROYAL LEPAGE SIGNATURE REALTY
Semi-Detached MLS #X12065599New

Price comparison with similar homes in Welland

Compared to 1 similar home
-8.1% Lower
Market Avg. of (1 similar homes)
$679,900

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licences real estate agent for accurate comparison

Client Remarks

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.

About This Property

550 First Avenue, Welland, L3C 1Z3

Property Type
Semi-Detached
Lot Size
N/A
Style
Bungalow
Living Area
N/A

Home Overview

Basic Information

Last Updated
14 days ago
Virtual Tour
N/A
Basement
Finished
Building Size
N/A
Status
In-Active
Property Type
Semi-Detached
Maintenance Fee
N/A
Year Built
N/A
satellite view
Walk around the neighborhood
550 First Avenue, Welland, L3C 1Z3
Sales Representative

Shally Shi

Sales Representative, Dolphin Realty Inc

English, Mandarin
Residential ResaleProperty ManagementPre Construction

Mortgage Information

Estimated Payment

Principal and InterestProperty Taxes$2387.04/ month
$499,992 Principal and Interest

walking  Walk Score for 550 First Avenue

Default Agent

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