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
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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.
- 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
- Households in the area are:
- 68.82% Single family
- 19.46% Single person
- 9.93% Multi person
- 1.79% Multi family
- $116,377 Average household income
- $47,433 Average individual income
- 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
- 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
- Others commute by:
- 8.96% Other
- 0% Public transit
- 0% Foot
- 0% Bicycle
- 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
- 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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- Principal and Interest $3,051 /mo
- Property Taxes n/a
- Strata / Condo Fees n/a