Property Information:

Turn-key income property steps from Niagara College. This fully tenanted 4-level backsplit offers 5 bedrooms plus 2 additional finished rooms, 2 full bathrooms, 2 kitchens and a separate entrance. An ideal setup for student housing or multi-generational living.The home features a functional multi-level layout with over 1,000 sq ft above grade plus two finished lower levels. Roof updated in 2023 and electrical panel replaced approximately 3 years ago. Parking is a major bonus: a wide 2-car front parking pad plus a driveway extending to the rear adding four more vehicle spots (total 6 parking spaces). Rare flexibility in a high-demand student rental pocket. Situated directly across Niagara College, on a direct bus route to Brock University and minutes to Hwy 406 and Hwy 20. Properties this close to campus with proven rental performance and strong income potential do not come up often. A compelling addition to any investor's portfolio in one of Welland's most reliable student markets. (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Development: Finished
Basement Type: N/A, Full, N/A
Construction Style - Attachment: Semi-detached
Construction Style - Split Level: Backsplit
Exterior Finish: Brick, Vinyl siding
Fireplace: Yes
Floor Space: 700 - 1100 sqft
Foundation Type: Poured Concrete
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: Central air conditioning
Appliances: Dryer, Two stoves, Washer, Window Coverings

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 5
Bathrooms: 2
Amenities Nearby: Schools, Public Transit
Features: Carpet Free
Floor Space (approx): 700 - 1100 Square Feet
Irregular: Yes
Lot Depth: 120.2 Feet
Lot Frontage: 30 Feet
Lot Size: 30 x 120.2 FT
Structure Type: Shed
Zoning: RL2
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 6

Rooms:

4th Bedroom 3rd Level 3.12 m x 2.29 m
Family 3rd Level 3.10 m x 2.74 m
Kitchen 3rd Level 4.06 m x 4.04 m
Bathroom 3rd Level 1.35 m x 1.98 m
5th Bedroom Lower Level 2.24 m x 2.87 m
Other Lower Level 3.66 m x 2.64 m
Other Lower Level 2.36 m x 2.26 m
Laundry Lower Level 3.58 m x 2.64 m
Living Main Level 4.37 m x 2.03 m
Kitchen Main Level 2.95 m x 3.05 m
Dining Main Level 3.14 m x 2.59 m
Primary Bedroom Upper Level 3.70 m x 2.55 m
2nd Bedroom Upper Level 3.10 m x 2.28 m
3rd Bedroom Upper Level 2.59 m x 2.67 m
Bathroom Upper Level 1.49 m x 2.83 m

Convert Measurement to:

Courtesy of: EXP REALTY

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Demographic Information of 552 FIRST AVENUE, Welland (N. Welland), Ontario, 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 %

552 FIRST AVENUE, Welland (N. Welland), Ontario, L3C 1Z3

Property Information:

Building Features:

Property Features:

Rooms:

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Market Price Trends

Location of 552 FIRST AVENUE, Welland (N. Welland), Ontario, L3C 1Z3

Demographic Information of 552 FIRST AVENUE, Welland (N. Welland), Ontario, 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