6 Bedroom
2 Bathroom
0 - 699 sqft
Bungalow
Central Air Conditioning
Forced Air
$624,990
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:35544)
Property Details
|
MLS® Number
|
X12065599 |
|
Property Type
|
Single Family |
|
Community Name
|
767 - N. Welland |
|
AmenitiesNearBy
|
Hospital, Public Transit, Schools |
|
CommunityFeatures
|
Community Centre |
|
Features
|
In-law Suite |
|
ParkingSpaceTotal
|
4 |
|
Structure
|
Shed |
Building
|
BathroomTotal
|
2 |
|
BedroomsAboveGround
|
3 |
|
BedroomsBelowGround
|
3 |
|
BedroomsTotal
|
6 |
|
Age
|
31 To 50 Years |
|
Appliances
|
Water Heater, Dryer, Two Stoves, Washer, Two Refrigerators |
|
ArchitecturalStyle
|
Bungalow |
|
BasementDevelopment
|
Finished |
|
BasementType
|
N/a (finished) |
|
ConstructionStyleAttachment
|
Semi-detached |
|
CoolingType
|
Central Air Conditioning |
|
ExteriorFinish
|
Brick |
|
FoundationType
|
Concrete |
|
HeatingFuel
|
Natural Gas |
|
HeatingType
|
Forced Air |
|
StoriesTotal
|
1 |
|
SizeInterior
|
0 - 699 Sqft |
|
Type
|
House |
|
UtilityWater
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
FenceType
|
Fenced Yard |
|
LandAmenities
|
Hospital, Public Transit, Schools |
|
Sewer
|
Sanitary Sewer |
|
SizeDepth
|
120 Ft |
|
SizeFrontage
|
30 Ft |
|
SizeIrregular
|
30 X 120 Ft |
|
SizeTotalText
|
30 X 120 Ft |
