Listed by Royal Lepage Signature Realty.

550 First Avenue is a Semi-Detached, Bungalow and is currently for Sale @ $624,990. 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, making it 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 x 30 ft lot in the community of N. Welland . 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.

ELF's, 2 Fridges, 2 Stoves, Washer, Dryer. $8,000 Of Furnishings, Shingles (2015), Furnace/AC (2019), Paint (2024), Hot Water Tank (2024),Newer Roof, Newer Electrical, Newer Plumbing

The address 550 First Avenue was listed for sale (MLS# X12065599) on Thursday, April 03, 2025.