550 First Ave

First Ave, Seaway, Welland, ON, L3C 1Z3

Beds

Baths

1,100 - 1,500

Sq. Ft.

$649,990

List Price

New

9 days on market

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.

Property Details

Size

1,100 - 1,500 sq. ft.

6 Beds

3 Above Grade - 3 Below Grade

2 Baths

Parking

4 Parking Spaces

Lot

Size

30′0″ * 120′0″

Acres

Build

Year Built

1975 - 1994

Model Name

Basement

Finished

Exterior

Brick

Foundation

Concrete

Builder Name

Stories

Flooring

Roof

Asphalt Shingle

Heating & Cooling

Heating

Forced Air

Cooling

Central Air

Utilities

Water

Sewer

SHOW LESS

Ownership Details

Ownership

Title

Freehold

Zoning

Taxes

Property Tax Year

2024-01-01

Property Tax Amount

$3,211

Source

Listing Brokerage

MLS® Listing

X11972793

Brokerage

ROYAL LEPAGE SIGNATURE REALTY

MLS® Listing

X11972793

Last Updated

February 14, 2025

Brokerage

ROYAL LEPAGE SIGNATURE REALTY

Call us 800-591-0566

Book A Private Showing

For Sale Nearby

4 College Park Drive

$675,000

Welland, ON, L3C 6Z6

1,099 - 1,499 Sq. Ft.
6
3

700 - 1,100 Sq. Ft.
6
3

27 Trelawn Pkwy

$679,999

Welland, ON, L3C 1W4

1,100 - 1,500 Sq. Ft.
3
2

21 Windermere Ct

$739,500

Welland, ON, L3C 5V4

1,100 - 1,500 Sq. Ft.
4
2

Exclusive Listing

This home’s listing agent requires you to sign up to view the listing

99 Page Dr

$XXX,XXX

Welland, ON, L3C 6L8

1,500 - 2,000 Sq. Ft.
3
2

14 Wychwood Rd

$499,999

Welland, ON, L3C 5V3

1,100 - 1,500 Sq. Ft.
5
2

Sold Nearby

Sold Listing

Get verified. Local real estate boards require email verification.

550 First Ave

$XXX,XXX

Welland, ON, L3C 1Z3

Sold Listing

Get verified. Local real estate boards require email verification.

552 First Ave

$XXX,XXX

Welland, ON, L3C 1Z3

700 - 1,100 Sq. Ft.
5
2

Sold Listing

Get verified. Local real estate boards require email verification.

544 First Ave

$XXX,XXX

Welland, ON, L3C 6Z6

Sold Listing

Get verified. Local real estate boards require email verification.

74 Macoomb Dr

$XXX,XXX

Welland, ON, L3C 5T9

Sold Listing

Get verified. Local real estate boards require email verification.

15 College Park Dr

$XXX,XXX

Welland, ON, L3C 6Z6

Sold Listing

Get verified. Local real estate boards require email verification.

585 First Ave

$XXX,XXX

Welland, ON, L3C 1Z2

1,500 - 2,000 Sq. Ft.
4
2

Sold Listing

Get verified. Local real estate boards require email verification.

37 Macoomb Dr

$XXX,XXX

Welland, ON, L3C 5V1

Sold Listing

Get verified. Local real estate boards require email verification.

504 First Ave

$XXX,XXX

Welland, ON, L3C 1Z3

700 - 1,100 Sq. Ft.
6
2

Listing information provided in part by the Toronto Regional Real Estate Board for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. Copyright © TRREB. All rights reserved.

Information is deemed reliable but is not guaranteed accurate by TRREB®. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.