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. (id:51532)
| Property Summary |
|---|
| Building |
|---|
| Land |
|---|
| Level | Rooms | Dimensions |
|---|---|---|
| Basement | 4pc Bathroom | 1'1'' x 1'1'' |
| Kitchen | 1'1'' x 1'1'' | |
| Bedroom | 1'1'' x 1'1'' | |
| Bedroom | 1'1'' x 1'1'' | |
| Bedroom | 1'1'' x 1'1'' | |
| Main level | Bedroom | 1'1'' x 1'1'' |
| Bedroom | 1'1'' x 1'1'' | |
| Primary Bedroom | 1'1'' x 1'1'' | |
| 4pc Bathroom | Measurements not available | |
| Living room | 1'1'' x 1'1'' | |
| Kitchen | 1'1'' x 1'1'' |
| Features | |||||
|---|---|---|---|---|---|
| Dryer | Refrigerator | Stove | |||
| Washer | Hood Fan | Central air conditioning | |||
