552 FIRST Avenue
Welland, Ontario
5 bed • 2 bath • Single Family
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.
Price History
Schools
Elementary
- Quaker Road Public School0.5 km
Public · DSB Niagara · 585 students
Grade 3 reading: 87% met the provincial standard · Grade 6 math: 65% met the provincial standard
- Alexander Kuska KSG Catholic Elementary School0.9 km
Catholic · Niagara CDSB · 505 students
Grade 3 reading: 96% met the provincial standard · Grade 6 math: 71% met the provincial standard
- Glendale Public School1.1 km
Public · DSB Niagara · 360 students
Grade 3 reading: 77% met the provincial standard · Grade 6 math: 33% met the provincial standard
Secondary
- Niagara Catholic Virtual Secondary School1 km
Catholic · Niagara CDSB
- Welland Centennial Secondary School1.5 km
Public · DSB Niagara · 1050 students
Grade 10 literacy: 87% met the provincial standard
- Notre Dame College School2.1 km
Catholic · Niagara CDSB · 1130 students
Grade 10 literacy: 85% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L3C
- Population
- 33,462
- Private dwellings
- 14,273
- Median age
- 45.6
- Average household size
- 2.4
- Median household income
- $78,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Welland · last 12 months
- Median sold price
- $532,500
- Homes sold
- 763
- Median days on market
- 32
- Sale-to-list price
- 96.3%
Based on 763 recorded sales of single family properties in Welland over the last 12 months.
Location
Mortgage Calculator
$99,980
Estimated Monthly Payment
$2,456
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,456/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $125/mo
Estimates only. Consult a financial advisor.
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