550 First Ave

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

Beds

Baths

1,092

Sq. Ft.

$624,990

List Price

New

3 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, 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. (id:54626)

Property Details

Size

1,092 sq. ft.

11 total rooms across 1 floor

6 Beds

3 Above Grade - 3 Below Grade

2 Baths

2 Full

Parking

4 Parking Spaces

Lot

Size

360′0″ * 1440′0″

Acres

Build

Year Built

Model Name

Basement

Finished

Exterior

Aluminum siding

Foundation

Builder Name

Stories

Flooring

Roof

Heating & Cooling

Heating

Forced air

Cooling

Central air conditioning

Utilities

Water

Municipal water

Sewer

Municipal sewage system

SHOW LESS

Rooms

4pc Bathroom

1′1″ x 1′1″

Kitchen

1′1″ x 1′1″

Bedroom

1′1″ x 1′1″

Bedroom

1′1″ x 1′1″

Bedroom

1′1″ x 1′1″

Bedroom

1′1″ x 1′1″

Ownership Details

Ownership

Title

Freehold

Zoning

Source

Listing Brokerage

MLS® Listing

40714013

Brokerage

ROYAL LEPAGE SIGNATURE REALTY

MLS® Listing

40714013

Last Updated

April 5, 2025

Brokerage

ROYAL LEPAGE SIGNATURE REALTY

Call us 800-591-0566

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