550 FIRST AVE, Welland, Ontario L3C 1Z3
$649,990.00
- 6 bedrooms
- 2 bathrooms
- 1,092 Square Feet
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. ... read more
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. (id:25417)
- Listing ID: 40698632
- Property Type: Single Family
| Property | |
|---|---|
| Style: | Bungalow |
| Ownership: | Freehold |
| Lot Size: | Under 1/2 Acre |
| Parking: | 4 Spaces |
| Building | |
|---|---|
| Type: | Single Family House |
| Appliances: | Hood Fan, Refrigerator, Stove, Washer and Dryer |
| HVAC: | Central Air Conditioning, Fireplace and Forced Air |
| Exterior: | Aluminum Siding |
| Basement: | Full (Finished) |
| Utilities: | Municipal Sewage System |
| Location | |
|---|---|
| City: | Welland |
| Province: | Ontario |
| Nearby Amenities: | Hospital |
| Rooms | Level | Dimensions |
|---|---|---|
| 4pc Bathroom | Basement | 1'1'' x 1'1'' |
| Kitchen | Basement | 1'1'' x 1'1'' |
| Bedroom | Basement | 1'1'' x 1'1'' |
| Bedroom | Basement | 1'1'' x 1'1'' |
| Bedroom | Basement | 1'1'' x 1'1'' |
| Bedroom | Main level | 1'1'' x 1'1'' |
| Bedroom | Main level | 1'1'' x 1'1'' |
| Primary Bedroom | Main level | 1'1'' x 1'1'' |
| 4pc Bathroom | Main level | Measurements not available |
| Living room | Main level | 1'1'' x 1'1'' |
| Kitchen | Main level | 1'1'' x 1'1'' |
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