542 First Avenue, Welland, ON
L3C 1Z3
Listed September 22, 2026
About this property
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)
Features
Property Details
Listing
Property
Location
Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 542 First Avenue — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$94,980 · Minimum $23,745
Use the rate your lender or broker quotes you.
Monthly costs
From the listing (2025 tax bill).
Leave at $0 if there isn't one.
Typical for this kind of home.
Hydro, heating, water and sewer.
About 1% of the price a year, set aside.
One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$3,223/mo
About $38,676 a year
- $2,101
- $271
- Home insurance$125
- Utilities$330
- Maintenance & repairs$396
Cash needed to close
- Down payment (20%)
- $94,980
- Ontario land transfer tax
- $5,973
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $103,453
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
542 First Avenue, Welland, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: September 22, 2026
Listing Office: Century 21 Heritage House LTD
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