550 First Ave, Welland, Ontario

House for Sale in Welland

550 First Ave, Welland, ON

  • CA$624,990
  • 3+3 BEDS
  • 2 BATHS
  • 1,092 sq.ft. Home

House for Sale in Welland

550 First Ave, Welland, ON

  • CA$624,990
  • 3+3 BEDS
  • 2 BATHS
  • 1,092 sq.ft. Home

Key Facts

  • MLS® #: 40714013
  • Property ID: SIRC2422861
  • Property Type: Residential, Single Family Detached
  • Living Space: 1,092 sq.ft.
  • Bedrooms: 3+3
  • Bathrooms: 2
  • Parking Spaces: 4
  • Listed By:
  • ROYAL LEPAGE SIGNATURE REALTY

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, 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.

Rooms

  • TypeLevelDimensionsFlooring
  • KitchenMain1' 9.9" x 1' 9.9"Other
  • Living roomMain1' 9.9" x 1' 9.9"Other
  • Primary bedroomMain1' 9.9" x 1' 9.9"Other
  • BedroomMain1' 9.9" x 1' 9.9"Other
  • BedroomBasement1' 9.9" x 1' 9.9"Other
  • BedroomMain1' 9.9" x 1' 9.9"Other
  • BedroomBasement1' 9.9" x 1' 9.9"Other
  • KitchenBasement1' 9.9" x 1' 9.9"Other
  • BedroomBasement1' 9.9" x 1' 9.9"Other
  • BathroomBasement1' 9.9" x 1' 9.9"Other

Listing Agents

ROYAL LEPAGE SIGNATURE REALTY

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Location

550 First Ave, Welland, Ontario, L3C 1Z3 Canada

Around this property

Information about the area within a 5-minute walk of this property.

542Residents
  • 22.5% 20 to 34 years
  • 21.4% 50 to 64 years
  • 20.85% 65 to 79 years
  • 15.46% 35 to 49 years
  • 5.37% 15 to 19 years
  • 4.91% 5 to 9 years
  • 3.65% 80 and over
  • 3.26% 10 to 14
  • 2.59% 0 to 4
80%20%OwnersRenters
  • Households in the area are:
  • 68.82% Single family
  • 19.46% Single person
  • 9.93% Multi person
  • 1.79% Multi family
$116,377Average household income
  • $116,377 Average household income
  • $47,433 Average individual income
80.93%Speak English
  • People in the area speak:
  • 80.93% English
  • 5.89% French
  • 2.65% English and non-official language(s)
  • 2.63% Mandarin
  • 2.44% Italian
  • 1.73% Spanish
  • 1.42% Punjabi (Panjabi)
  • 1.02% Hungarian
  • 0.71% Ukrainian
  • 0.6% English and French
81.87%Single detached
  • Housing in the area comprises of:
  • 81.87% Single detached
  • 10.65% Semi detached
  • 3.79% Apartment 1-4 floors
  • 3.69% Duplex
  • 0% Row houses
  • 0% Apartment 5 or more floors
91.04%Commute by Car
  • Others commute by:
  • 8.96% Other
  • 0% Public transit
  • 0% Foot
  • 0% Bicycle
33.18%High school
  • 33.18% High school
  • 31.76% College certificate
  • 15.17% Bachelor degree
  • 10.44% Did not graduate high school
  • 6.37% Trade certificate
  • 3.09% Post graduate degree
  • 0% University certificate
2Average AQI
  • The average air quality index for the area is 2
  • The area receives 323.12 mm of precipitation annually.
  • The area experiences 7.39 extremely hot days (30.56°C) per year.

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Payment Calculator

$3,051 mo.* estimated monthly payment based on:
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  • Principal and Interest $3,051 /mo
  • Property Taxes n/a
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