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Welland,ON L3C1Z3
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,092 sqft
Price per Sqft $595
Subdivision 767 - N. Welland
MLS Listing ID 40698632
Style Bungalow
Bedrooms 6
Originating Board Cornerstone - Mississauga
Property Sub-Type Freehold
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 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:24570)
Location
Province ON
Rooms
Extra Room 1 Basement 1'1'' x 1'1'' 4pc Bathroom
Extra Room 2 Basement 1'1'' x 1'1'' Kitchen
Extra Room 3 Basement 1'1'' x 1'1'' Bedroom
Extra Room 4 Basement 1'1'' x 1'1'' Bedroom
Extra Room 5 Basement 1'1'' x 1'1'' Bedroom
Extra Room 6 Main level 1'1'' x 1'1'' Bedroom
Interior
Heating Forced air
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Architectural Style Bungalow
Others
Ownership Freehold