550 First Avenue
Welland (N. Welland), ON L3C 1Z3
- 3+3Bedrooms
- 2Bathrooms
- 4Garage
- < 700Sq Ft
- $3,211Tax
- 30×120 ftLot Size
Estimated Value:$457,000See Free Estimate Report
This listing has ended. It is no longer available.
Property not available for sale or for rent.
Sale & Price History for 550 First Avenue, Welland, N. Welland
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About 550 First Avenue, Welland, N. 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. 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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,211
- Land Transfer Tax Fee
- $8,975
Rental Items
- Rental Equipment
- Hot Water Tank
- Basement Type
- Finished
Interior Features
- Laundry Level
- Lower Level
- Interior Extras
- In-Law Suite, Primary Bedroom - Main Floor, Water Heater
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- Fenced Yard, Hospital, Library, Public Transit, Rec./Commun.Centre, School
- Other Structures
- Garden Shed
Building
- Building Type
- Semi-Detached
- Building Style
- Bungalow
- Approx Age
- 31-50
Construction
- Exterior Finish
- Brick
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 30.00 ft
- Lot Depth
- 120.00 ft
Inclusions
- Inclusions
- 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
Exclusions
- Exclusions
- Tenant's Belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 4
- Parking Spaces
- 4
- Total Garage And Parking Spaces
- 4
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 3 + 3
- Washrooms
- 2
- Kitchens
- 2
Washrooms
- 4-piece, Main
- 4-piece, Basement
- Municipality
- Welland
- Neighbourhood
- N. Welland
- Main cross streets
- First Ave/Niagara College Blvd
- Directions
- First Ave/Niagara College Blvd
- MLS® number
- X12065599
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2025-09-30
- Listed on
- 2025-04-03
- Days on market
- 180 days
- Possession type
- Flexible
- Co-op commission
- 2% Plus HST
- Seller
- Listed by
- ROYAL LEPAGE SIGNATURE REALTY
Home Market Value
Current home valuation for 550 First Avenue, Welland, N. Welland, Welland, ON. Listed for $624,990
HOMEH Estimate
$457,000
Estimated Sales Range
$361,030 - $552,970
HOMEH Estimate for 550 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 $124,990 over $500K
$37,499
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $23,500 | $17,437 | $14,875 | $0 |
=Total mortgage | $610,991 | $579,928 | $546,116 | $499,992 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,983monthly | $2,832monthly | $2,666monthly | $2,441monthly |
Land Transfer Tax
$8,975
$8,975
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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