550 First Avenue, Welland, ON, L3C 1Z3

MLS® # X11972793

House For Sale In Seaway Mall Area, Welland, Ontario

$649,990 QuickQuote^TM: $571K - $765K

6+3 Beds

2 Baths

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550 First Avenue, Welland, ON - Photo Showing Other Room

550 First Avenue, Welland, ON - Indoor Photo Showing Living Room

550 First Avenue, Welland, ON - Indoor Photo Showing Kitchen

550 First Avenue, Welland, ON - Indoor Photo Showing Bedroom

550 First Avenue, Welland, ON - Indoor Photo Showing Bathroom

550 First Avenue, Welland, ON - Indoor Photo Showing Laundry Room

550 First Avenue, Welland, ON - Indoor Photo Showing Kitchen With Double Sink

550 First Avenue, Welland, ON - Indoor Photo Showing Basement

550 First Avenue, Welland, ON - Outdoor With Exterior

550 First Avenue, Welland, ON - Outdoor With View

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Home Insurance - TD Insurance

Get a home insurance quote online for this $649,990 property in Welland

Provided by TD Insurance

550 First Avenue, Welland, ON, L3C 1Z3

$649,990

6+3 Beds

2 Baths

Property Information:

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.

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 : Tenant's Belongings

Property Features:

Bedrooms: 6+3
Bathrooms: 2
Annual Tax Amount: $3,211
Approximate Age: 31-50
Architectural Style: Bungalow
Basement: Finished
Construction Materials: Brick
Cooling: Central Air
Floor Space (approx): 1100-1500 Square Feet
Foundation Details: Concrete
Garage Type: None
Heat Type: Forced Air
Interior Features: In-Law Suite, Primary Bedroom - Main Floor, Water Heater
Lot Depth: 120 Feet
Lot Frontage: 30 Feet
Other Structures: Garden Shed
Pool Features: None
Property Features: Fenced Yard, Hospital, Library, Public Transit, Rec./Commun.Centre, School
Roof: Asphalt Shingle
Heat Source: Gas
Water: Municipal
Sewer: Sewer
No. of Parking Spaces: 4

Data provided by: Toronto Real Estate Board 1400 Don Mills Road, Toronto, Ontario M3B 3N1
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Notes:

Jessie Lall

Royal LePage Signature Realty , Brokerage*

Direct 416.443.0300

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QuickQuote^TM

Approximate value for 6+3 bed, 2 bath house in this area is:

List Price
below Estimate List Price
above Estimate

$649,990

List Price

$570,539

$765,041

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Market Price Trends

Location of 550 First Avenue, Welland, ON, L3C 1Z3

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

37 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

37 hot days expected in 2050

59/100

Moderate

ClimateCheck®

Current data

This property, 550 First Avenue , experiences 7 hot days per year at around 30.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 37 hot days at 34.2 degrees Celsius.

Projected Avg. Temperature

Past

30.6℃

2050

34.2℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 550 First Avenue , experiences 11 significant 2-day storms per year, with about 323.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 400.6mm of precipitation per year.

Precipitation Per Storm

Past

323.1mm

2050

400.6mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 550 First Avenue, Welland, ON, L3C 1Z3

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$116,377.12

Average Number of Children

1.70

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.44 %

High school certificate or equivalent

33.18 %

Apprenticeship trade certificate/diploma

6.37 %

College/non-university certificate

31.76 %

University Degree

18.26 %

Commuter

Travel To Work

By Car

91.04 %

By Public Transit

0.0 %

By Walking

0.0 %

By Bicycle

0.0 %

By Other Methods

8.96 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

3.79 %

Houses

96.21 %

Own Vs. Rent

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550 First Avenue, Welland, ON, L3C 1Z3 $649,990 MLS® # X11972793

Property Information:

Property Features:

Market Price Trends

Location of 550 First Avenue, Welland, ON, L3C 1Z3

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 550 First Avenue, Welland, ON, L3C 1Z3

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

550 First Avenue, Welland, ON, L3C 1Z3

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