Single Family Residence sold at 550 First Ave, Welland, N. Welland, L3C 1Z3 - MLS: 40698632

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550 First Ave

Welland, ON, L3C 1Z3

$649,990

Neighbourhood

N. Welland
Major Intersection

Listed Since: 108 day(s)
Last update: 56 day(s) ago

Overview

Property Type

Single Family Residence, Bungalow
Bedrooms

3 + 3
Bathrooms

2
Basement

Development Potential, Full, Finished
Kitchen

n/a
Total Parking

4
Lot Size

Available Upon Request
Taxes

$3,211.00 (2024)
Type

Freehold

Property description for 550 First Ave, Welland, N. Welland, L3C 1Z3

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.

Listed by ROYAL LEPAGE SIGNATURE REALTY

Property details

MLS #

40698632
Sq. Ft

1092
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

4
Family Room

n/a
Den

n/a
Exterior

Aluminum Siding
Fireplace

n/a
Roof

Asphalt Shing
Foundation

Concrete Perimeter
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

MLS #

40698632
Sq. Ft

1092
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

Available Upon Request
Pool

n/a
Drive

n/a
Garage

n/a
Total Parking

4
Family Room

n/a
Den

n/a
Exterior

Aluminum Siding
Fireplace

n/a
Roof

Asphalt Shing
Foundation

Concrete Perimeter
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

n/a
Central Vac

n/a

Bathroom

false Main level

4-Piece
Kitchen

0.33 x 0.33 ft Main level
Living Room

0.33 x 0.33 ft Main level
Bedroom Primary

0.33 x 0.33 ft Main level
Bedroom

0.33 x 0.33 ft Main level
Bedroom

0.33 x 0.33 ft Main level
Bedroom

0.33 x 0.33 ft Basement level
Bedroom

0.33 x 0.33 ft Basement level
Bedroom

0.33 x 0.33 ft Basement level
Kitchen

0.33 x 0.33 ft Basement level
Bathroom

0.33 x 0.33 ft Basement level

4-Piece
Bathroom

0.33 x 0.33 ft Basement level

4-Piece

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History for 550 First Ave, Welland, N. Welland, L3C 1Z3

This property has been sold 1 time before.

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Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

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