Welland, ON · · MLS® X13804364Updated
$549,900Est. $2,701/mo mortgage
387 First Ave is a 3-bedroom, 2-bathroom semi-detached home in Welland, listed for $549,900. It has 700-1100 sq ft of living space.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Turn key, ready to go income producing investment property! Versatile layout with 2 units / InLaw Suite. Upper Unit: 3 bedrooms, 4pc bath, kitchen, dining room, living room, separate entrance Lower Unit: 3 bedrooms, 3pc bath, kitchen, living room, separate entrance.Plenty of updates: fresh paint, newer roof shingles, vinyl windows and more.Safety features: Emergency lighting on every floor by the exits, Hardwired-Interconnected Smoke/CO Fire alarms on every level, sprinkler heads in the furnace room, 5/8" Fire-Rated drywall and Fire-Rated steel doors throughout the lower level. Every bedroom has a large egress window. Location: Just down the street from Niagara College, 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!
3 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $786 per square foot. Chat with Zara if you'd like a deeper read on whether this semi-detached fits your budget and timing.
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
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Zara’s estimate
Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works
Closed sales on the TRREB MLS®.
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188 Windsor Street
3 bd · 2 ba · Semi-detached
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11 Woodland Drive
3 bd · 2 ba · Semi-detached
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552 First Avenue
3 bd · 2 ba · Semi-detached
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47 Superior Street
3 bd · 3 ba · Semi-detached
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140 Commercial Street
3 bd · 1 ba · Semi-detached
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43 Superior Street
3 bd · 3 ba · Semi-detached
6 nearby sales vs. this home
Closed sales from MLS®, compared with this home's asking price.
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| Home | Sold price | $ / sqft | % of asking | Sold |
|---|---|---|---|---|
This home387 First Avenue 3 bd · 2 ba · 700 sqft | $549,900asking | $786 | — | — |
| 188 Windsor Street 3 bd · 2 ba · 700 sqft | ||||
| 11 Woodland Drive 3 bd · 2 ba · 700 sqft | ||||
| 552 First Avenue 3 bd · 2 ba · 700 sqft | ||||
| 47 Superior Street 3 bd · 3 ba · 2,000 sqft | ||||
| 140 Commercial Street 3 bd · 1 ba · 700 sqft | ||||
| 43 Superior Street 3 bd · 3 ba · 2,000 sqft |
3 bd · 2 ba · 700 sqft
3 bd · 2 ba · 700 sqft
3 bd · 2 ba · 700 sqft
3 bd · 3 ba · 2,000 sqft
3 bd · 1 ba · 700 sqft
3 bd · 3 ba · 2,000 sqft
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
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20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Listing brokerage: Century 21 Heritage House LTD, BrokerageMLS® X13804364 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Other 2–3 bed homes for sale in Welland around $550K.
Homes for sale in Welland
Every active Welland MLS® listing, updated all day.
Curated MLS® searches this property belongs to — same city, same shape of home.
Based on 272 sales from Aug 3 – Nov 1, 2026 (238 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
387 First Ave is listed at $549,900 (MLS® X13804364). Summitly updates the price as soon as the MLS® record changes.
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Welland. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Yes — it was first listed at $599,900 and is now $549,900, a drop of $50,000 (8.3%).
387 First Ave has 3 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a semi-detached home in Welland.
About $2,701 a month — principal and interest on $549,900 with 20% down ($109,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
Its asking price of $549,900 is about 3% above the median sold price in Welland over the last 90 days, $535,063, across 272 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Summitly has no earlier MLS® sale or lease of 387 First Ave on record from the last two years. Older records aren't shown under TRREB rules.
387 First Ave is in Welland, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
44 days — 387 First Ave was listed on September 18, 2026.
About $500 to $786 per square foot: the asking price of $549,900 over the 700–1,100 sq ft the listing gives as its size range.
Yes — the listing gives 3 parking spaces.
The listing describes the basement as: Apartment, Finished with Walk-Out.
