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552 FIRST Avenue, Welland, Ontario, L3C 1Z3

MLS® # 40807115
House For Sale In Seaway Mall Area, Welland, Ontario
$529,900 QuickQuoteTM: $469K - $571K

4+1 Beds

2 Baths

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552 FIRST Avenue, Welland, Ontario, L3C 1Z3
$529,900

5 Beds

2 Baths

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: Full
  • Construction Style - Attachment: Semi-detached
  • Exterior Finish: Brick, Vinyl siding
  • Floor Space: 1034 sqft
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning

Property Features:

  • OwnershipType: Freehold
  • Property Type: Single Family
  • Amenities Nearby: Public Transit, Schools
  • Floor Space (approx): 1034 Square Feet
  • Lot Depth: 120 Feet
  • Lot Frontage: 30 Feet
  • Zoning: RL2
  • Sewer: Municipal sewage system
  • No. of Parking Spaces: 6

Rooms:

  • Family 3rd Level 10'2'' x 9'1''
  • Bedroom 3rd Level 10'3'' x 7'6''
  • Bathroom 3rd Level 4'5'' x 6'6''
  • Kitchen 3rd Level 13'4'' x 13'3''
  • Laundry Lower Level 11'9'' x 8'8''
  • Bedroom Lower Level 7'4'' x 9'5''
  • Other Lower Level 7'9'' x 7'5''
  • Other Lower Level 12'1'' x 8'8''
  • Dining Main Level 10'4'' x 8'6''
  • Kitchen Main Level 9'8'' x 10'1''
  • Living Main Level 14'4'' x 6'8''
  • Bathroom Upper Level 4'11'' x 9'3''
  • Bedroom Upper Level 8'6'' x 8'9''
  • Bedroom Upper Level 10'2'' x 7'6''
  • Primary Bedroom Upper Level 12'2'' x 8'4''

Courtesy of: eXp Realty (Team Branch)

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Location of 552 FIRST Avenue, Welland, Ontario, L3C 1Z3

Demographic Information of 552 FIRST Avenue, 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 %

Own Vs. Rent