Jaber Zreik

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550 FIRST AVE, Welland, Ontario

$649,990

6 Beds
2 Baths
1,092 Square Feet

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:23309)

Listing ID: 40698632
Property Type: Single Family

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Rooms

Level	Type	Dimensions
4pc Bathroom	Basement	1'1'' x 1'1''
Kitchen	Basement	1'1'' x 1'1''
Bedroom	Basement	1'1'' x 1'1''
Bedroom	Basement	1'1'' x 1'1''
Bedroom	Basement	1'1'' x 1'1''
Bedroom	Main level	1'1'' x 1'1''
Bedroom	Main level	1'1'' x 1'1''
Primary Bedroom	Main level	1'1'' x 1'1''
4pc Bathroom	Main level	Measurements not available
Living room	Main level	1'1'' x 1'1''
Kitchen	Main level	1'1'' x 1'1''

Details

Architectural Style: Bungalow
Amenities Nearby: Hospital
Ownership: Freehold
Parking Spaces: 4
Transaction: For sale
Zoning Description: RL2

Building

Appliances: Dryer, Refrigerator, Stove, Washer, Hood Fan
Architectural Style: Bungalow
BasementType: Full (Finished)
Basement Development: Finished
Bedrooms Main Level: 3
Bedrooms Lower Level: 3
Construction Style Attachment: Semi-detached
Cooling: Central air conditioning
Exterior Finish: Aluminum siding
Fireplace Present: False
Fire Protection: Smoke Detectors
Bathrooms (Total): 2
Heating: Forced air
Size Interior: 1092 sqft
Stories Total: 1
Type: House
Utility Water: Municipal water

Land

Amenities: Hospital
Sewer: Municipal sewage system
Size Frontage: 30 ft

Listing provided by ROYAL LEPAGE SIGNATURE REALTY
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 550 FIRST AVE in Welland Ontario. It was last modified on February 14th, 2025. Contact Jaber Zreik to schedule a viewing or to discover other Welland homes for sale.

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