Listed by Royal Lepage Signature Realty.

550 First Avenue is a Semi-Detached, Bungalow and is currently for Sale @ $649,990. Taxes in 2024 were $3,211.00.

More homes for sale under 600k in Welland

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. The Bungalow on 550 First Avenue has 3 bedrooms, 2 bathrooms, and is located on a 120.00 x 30.00 ft lot in the community of 767 - N. Welland . 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.

The address 550 First Avenue was listed for sale (MLS# X11972793) on Thursday, February 13, 2025.