542 First Avenue N
Welland (N. Welland), ON L3C 1Z3
- 3+3Bedrooms
- 2Bathrooms
- 0Garage
- 700–1100Sq Ft
- $3,252Tax
- 30×120 ftLot Size
Estimated Value:$489,000See Free Estimate Report
Sale & Price History for 542 First Avenue N, Welland, N. Welland
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| No listing history available | ||||
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About 542 First Avenue N, Welland, N. Welland
Summarized Description
- Turnkey investment property with immediate cash flow.
- Fully rented with $3750 gross monthly income.
- Located near Niagara College and Brock University.
- Includes 6 bedrooms and 2 baths for student housing.
- Three parking spaces available for tenants.
- Safety features include fire rated drywall and alarms.
- Convenient access to public transportation and highways.
Start making money on Day 1 of ownership! Fully rented and ALL tenants have already paid the full school term! ($3750/gross monthly income). TURN KEY, READY TO GO, INCOME PRODUCING INVESTMENT PROPERTY! Here are the details about the home: 6 bedrooms, 2 baths, 1 kitchen, 3 parking spaces, all windows are proper egress sized, steel doors on the bedrooms (lower level), 5/8" fire rated drywall in the lower levels, hard wired and battery operated interconnected Smoke and Carbon Monoxide Fire Alarms on all levels, plus sprinkler heads in the furnace room. Seriously.. this house is so close to the college, that some of the parking spaces are farther away from the school than this house is! Plus, it's 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! (24 hours notice required - Tenant Occupied)
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,252
- Land Transfer Tax Fee
- $5,973
Rental Items
- Rental Equipment
- NONE
- Basement Type
- Finished with Walk-Out, Separate Entrance, Walk-Up
Interior Features
- Laundry Level
- Lower Level
- Interior Extras
- Carpet Free
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Semi-Detached
- Building Style
- Backsplit 4
- Approx Age
- 31-50
Construction
- Exterior Finish
- Brick Front, Vinyl Siding
- Roof
- Fibreglass Shingle
- Foundation Details
- Poured Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 30.00 ft
- Lot Depth
- 120.11 ft
- Lot Shape
- Rectangular
Exclusions
- Exclusions
- Tenant Belongings
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
- Bedroom 2—Second level
- Bathroom—Second level
- Bedroom—Basement level
- Dining Room—Ground level
- Bedroom 4—Lower level
- Bathroom—Lower level
- Living Room—Ground level
- Kitchen—Ground level
- Bedroom—Second level
- Laundry—Basement level
- Bedroom 3—Lower level
- Bedroom 5—Basement level
Washrooms
- 4-piece, Second
- 3-piece, Basement
- Municipality
- Welland
- Neighbourhood
- N. Welland
- Main cross streets
- Woodlawn Rd
- Zoning
- RL2
- Directions
- Woodlawn Rd to First Ave
- MLS® number
- X13816742
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-09-22
- Updated on
- 2026-10-16
- Days on market
- 30 days
- Possession type
- Immediate
- Co-op commission
- 2%+HST
- Seller
- Listed by
- Century 21 Heritage House LTD
Home Market Value
Current home valuation for 542 First Avenue N, Welland, N. Welland, Welland, ON. Listed for $474,900
HOMEH Estimate
$489,000
Estimated Sales Range
$386,310 - $591,690
HOMEH Estimate for 542 First Avenue N, 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% of purchase price for homes $500K or less
$23,745
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $18,046 | $13,250 | $11,303 | $0 |
=Total mortgage | $469,201 | $440,660 | $414,968 | $379,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,291monthly | $2,152monthly | $2,026monthly | $1,855monthly |
Land Transfer Tax
$5,973
$5,973
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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