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. Plus, $8,000 worth of furnishings are included, making this a truly turnkey investment with minimal effort required. (id:52316)
ROYAL LEPAGE SIGNATURE REALTY
$624,990
550 FIRST AVENUE, Welland, Ontario
6 Bedrooms
2 Bathrooms
Property
MLS® Number: X12065599
Address: 550 FIRST AVENUE
City: Welland
Style: Bungalow
Exterior: Brick
Utilities
Central Air: Yes
Heating: Forced Air, Natural Gas
Parking
Parking Spaces: 4
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Property Sale History
Travel and Neighbourhood
41/100Walk Score®
Car-Dependent
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Location
