Get $1,187 Cash Back
542 FIRST AVENUE N, Welland (N. Welland) — listed at $474,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
Start making money on Day 1 of ownership! Fully rented and ALL tenants have already paid the full school term! ($3750/gross monthly income). TURN KEY, READY TO GO, INCOME PRODUCING INVESTMENT PROPERTY! Here are the details about the home: 6 bedrooms, 2 baths, 1 kitchen, 3 parking spaces, all windows are proper egress sized, steel doors on the bedrooms (lower level), 5/8" fire rated drywall in the lower levels, hard wired and battery operated interconnected Smoke and Carbon Monoxide Fire Alarms on all levels, plus sprinkler heads in the furnace room. Seriously.. this house is so close to the college, that some of the parking spaces are farther away from the school than this house is! Plus, it's on the bus route to Brock University and all the other surrounding schools. Perfect home for Niagara College AND Brock University Students!! Quick drive to HWY 406 and HWY 20. This is truly a smart investment for families and investors. Come see it today! (24 hours notice required - Tenant Occupied) (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | Ground level | 4.65 x 2.23 meters |
| Bedroom | Basement | 2.69 x 2.72 meters |
| Laundry room | Basement | 1 x 1 meters |
| Living room | Ground level | 4.5 x 3.58 meters |
| Dining room | Ground level | 2.97 x 3.58 meters |
| Bedroom | Second level | 4.42 x 2.51 meters |
| Bedroom 2 | Second level | 3.56 x 2.9 meters |
| Bathroom | Second level | 2.44 x 2.13 meters |
| Bedroom 3 | Lower level | 3.4 x 3.2 meters |
| Bedroom 4 | Lower level | 3.23 x 2.51 meters |
| Bathroom | Lower level | 1.37 x 1.37 meters |
| Bedroom 5 | Basement | 2.97 x 2.9 meters |
Could this work as an investment property?+
The basement description mentions: Finished, Separate entrance, Walk out, Walk-up, N/A, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Welland (N. Welland) before counting on it.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
What's the parking situation?+
This property includes 3 spaces — No Garage.
Is 542 FIRST AVENUE N a good fit for a growing family?+
With 6 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $3,252, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Does it have a basement, and is it finished?+
Yes — Finished, Separate entrance, Walk out, Walk-up, N/A, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Ask About This Property
Nearby Places
Searching nearby places…
Benchmark price · Updated 2026-09
Year over year
Past 10 years
Similar listings
For Sale17 days16
For Sale178 days15
For Sale172 days27
For Sale32 days11
The listing data above is provided under copyright by the Canadian Real Estate Association. While the information is considered reliable, its accuracy is not guaranteed by the Canadian Real Estate Association or getsetsold.ca. Neither getsetsold.ca nor its affiliates make any representations or warranties, express or implied, regarding the accuracy or completeness of the information presented here.