387 First Avenue
Welland (N. Welland), ON L3C 5R3
- 3+3Bedrooms
- 2Bathrooms
- 0Garage
- 700–1100Sq Ft
- $3,081Tax
- 33×112 ftLot Size
Estimated Value:$514,191See Free Estimate Report
Sale & Price History for 387 First Avenue, Welland, N. Welland
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About 387 First Avenue, Welland, N. Welland
Summarized Description
- Turnkey investment property with two rental units.
- Upper and lower units each have separate entrances.
- Located near Niagara College and Brock University.
- Safety features include emergency lighting and smoke alarms.
- Recent updates include fresh paint and newer roof.
- Ideal for families and student rentals.
TURN KEY, READY TO GO INCOME PRODUCING INVESTMENT PROPERTY! Versatile layout with 2 units / InLaw Suite. Upper Unit: 3 bedrooms, 4pc bath, kitchen, dining room, living room, separate entrance Lower Unit: 3 bedrooms, 3pc bath, kitchen, living room, separate entrance.Plenty of updates: fresh paint, newer roof shingles, vinyl windows and more.Safety features: Emergency lighting on every floor by the exits, Hardwired-Interconnected Smoke/CO Fire alarms on every level, sprinkler heads in the furnace room, 5/8" Fire-Rated drywall and Fire-Rated steel doors throughout the lower level. Every bedroom has a large egress window. Location: Just down the street from Niagara College, on the bus route to Brock University and all the other surrounding schools. Perfect home for Niagara College AND Brock University Students!! Quick drive to HWY 406 and HWY 20. This is truly a smart investment for families and investors. Come see it today!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,081
- Land Transfer Tax Fee
- $7,473
Rental Items
- Rental Equipment
- HWT
- Basement Type
- Apartment, Finished with Walk-Out, Separate Entrance, Walk-Up
Interior Features
- Laundry Level
- Lower Level
- Interior Extras
- Accessory Apartment, In-Law Suite
- Security Features
- Carbon Monoxide Detectors
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Library, Park, Place Of Worship, Public Transit, School Bus Route, School
- Other Structures
- Shed
Building
- Building Type
- Semi-Detached
- Building Style
- Backsplit 4
- Approx Age
- 51-99
Construction
- Exterior Finish
- Aluminum Siding, Brick Front
- Roof
- Fibreglass Shingle
- Foundation Details
- Poured Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 33.00 ft
- Lot Depth
- 112.00 ft
- Lot Shape
- Rectangular
Exclusions
- Exclusions
- Tenant Belongings, washer, dryer
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 0
- Parking Spaces
- 3
- Total Garage And Parking Spaces
- 3
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 3 + 3
- Washrooms
- 2
- Kitchens
- 2
Room sizes
- Primary Bedroom—Second level
- Bedroom 4—Lower level
- Bathroom—Lower level, 3 Pc Bath
- Recreation—Basement level
- Bathroom—Second level, 4 Pc Bath
- Laundry—Basement level
- Kitchen—Basement level
- Dining Room—Main level
- Furnace Room—Basement level
- Bedroom 2—Second level
- Bedroom 5—Lower level
- Bedroom 3—Second level
- Kitchen—Main level
- Living Room—Main level
Washrooms
- 4-piece, Second
- 3-piece, Lower
- Municipality
- Welland
- Neighbourhood
- N. Welland
- Main cross streets
- Woodlawn Rd
- Zoning
- RL2
- Directions
- Woodlawn Rd to First Ave or Thorold Rd to First Ave
- MLS® number
- X13804364
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-09-18
- Updated on
- 2026-10-16
- Days on market
- 30 days
- Possession type
- Flexible
- Co-op commission
- 2% plus hst
- Seller
- Listed by
- Century 21 Heritage House LTD
Home Market Value
Current home valuation for 387 First Avenue, Welland, N. Welland, Welland, ON. Listed for $549,900
HOMEH Estimate
$514,191
Estimated Sales Range
$406,211 - $622,171
HOMEH Estimate for 387 First Avenue, Welland, N. Welland
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $49,900 over $500K
$29,990
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $20,786 | $15,342 | $13,088 | $0 |
=Total mortgage | $540,441 | $510,252 | $480,503 | $439,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,639monthly | $2,491monthly | $2,346monthly | $2,148monthly |
Land Transfer Tax
$7,473
$7,473
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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