550 First Ave

Welland | 767 - N. Welland | L3C 1Z3
  • 3 + 3
  • 2
  • 0

$649,990

Est. Mtg $2,204 /mo
  • Days on market

    66

  • Status

    New

Listing Broker ROYAL LEPAGE SIGNATURE REALTY
Since listed: 1 views

Home details

MLS #:

X11972793

Property type:
Semi-Detached
Style:
Bungalow
Taxes:
$3,211
Possession:
Flexible
Lot Front:
30.0   Feet
Lot Depth:
120.0   Feet
Basement:
Finished |
Driveway Pkg:
4
Heat:
Gas | Forced Air

Description


550 First Ave, , Welland, Ontario is a Semi-Detached property in Welland and in the 767 - N. Welland community in the L3C 1Z3 postal code


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, makingit a perfect hands-off investment in a high-demand rental market near Niagara College. Thisproperty has been well maintained and thoughtfully upgraded, featuring fresh new paint, abrand-new hot water tank (2024), and some new appliances. The functional layout offers spaciousliving areas, well-sized bedrooms, and a practical design, ideal for student housing ormulti-tenant occupancy. A large backyard shed provides additional storage, adding value fortenants. Situated in a prime location, this property is just minutes from Niagara College,public transit, shopping, restaurants, and essential amenities, ensuring strong and consistenttenant demand. Plus, $8,000 worth of furnishings are included, making this a truly turnkeyinvestment with minimal effort required..

Extras

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History

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List Date End Date List Price End Price Status MLS #
2022-06 2022-10 $599,900 $535,000 Sld X5680563
2025-02 2025-02 $649,990 $649,990 New X11972793

Comparables

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sold Date Address List Price sold Price DOM
2024-12 558 FIRST Ave, $499,900 $490,000 18
2024-05 42 JACKSON Crt W, $549,900 $524,000 122
2021-03 95 NORTHWOOD Dr, $459,000 $510,000 5
2015-07 131 NORTHGATE Dr, $179,900 $168,000 17

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity Semi-Detached

Sale activity

Welland :

Properties sold
Average sale price
New Listings
Year on Year Growth

Municipality activity All Property Types

Sale activity

Welland :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 550 First Ave

Based on available 3rd party data

$2606

Approximate costs per month

Mortgage
$2204 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$267 p/m
Maintenance
$0 p/m

Amenities:

Features:

  • Fenced Yard
  • Hospital
  • Library
  • Public Transit
  • Rec Centre
  • School
Listing Broker ROYAL LEPAGE SIGNATURE REALTY
Data Source: TRREB

Payment calculator

$2471 monthly. In association with: TD Bank
%
  • Principal and Interest
    2204 /mo
  • Property Taxes
    $267 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Gunpreet Kochar, Realtor

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