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)
3 bedrooms, 2 bathrooms, about 700 sq ft, works out to roughly $678 per square foot. Chat with Zara if you'd like a deeper read on whether this semi-detached fits your budget and timing.
Inside 542 First Ave N
Every detail from the listing, in one place.
Type
Semi-Detached
Style
Backsplit 4
Living space
700-1100 sq ftas stated on the listing
Parking
3 spaces
Basement
Finished with Walk-Out, Separate Entrance
Features & systems
Parking & garage
Parking spaces
3
Interior
Basement
Finished with Walk-Out · Separate Entrance
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Backsplit 4
Property class
Semi-Detached
542 First Ave N Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$2,333
/mo
based on the purchase price of $474,900
$94,980 cash
$379,920 financed
$319,992 total interest
Principal54%$379,920
Interest46%$319,992
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.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
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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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.
Similar homes for sale nearby in Welland
Other 2–3 bed homes for sale in Welland around $475K.
Average days on market45Homes sold in about 45 days on average.
Sale-to-list ratio96.5%On average, homes sold below asking.
Active listings436Homes for sale here right now.
Median vs prior 90 days−2.1%Compared with May 12 – Aug 10, 2026: prices down.
Based on 272 sales from Aug 10 – Nov 8, 2026 (248 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 542 First Ave N
How much is 542 First Ave N listed for?
542 First Ave N is listed at $474,900 (MLS® X13816742). Summitly updates the price as soon as the MLS® record changes.
Is $474,900 a good price for 542 First Ave N?
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
Has the price of 542 First Ave N changed?
Yes — it was first listed at $499,900 and is now $474,900, a drop of $25,000 (5.0%).
How many bedrooms and bathrooms does 542 First Ave N have?
542 First Ave N has 3 bedrooms and 2 bathrooms, with about 700–1,100 square feet of living space. It is a semi-detached home in Welland.
How much would the monthly mortgage be on 542 First Ave N?
About $2,333 a month — principal and interest on $474,900 with 20% down ($94,980), 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.
How does 542 First Ave N compare with other homes in Welland?
Its asking price of $474,900 is about 11% below the median sold price in Welland over the last 90 days, $533,750, 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.
Has 542 First Ave N been sold before?
Summitly has no earlier MLS® sale or lease of 542 First Ave N on record from the last two years. Older records aren't shown under TRREB rules.
Where is 542 First Ave N?
542 First Ave N is in Welland, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 542 First Ave N been on the market?
47 days — 542 First Ave N was listed on September 22, 2026.
What is the price per square foot of 542 First Ave N?
About $432 to $678 per square foot: the asking price of $474,900 over the 700–1,100 sq ft the listing gives as its size range.
Does 542 First Ave N have parking or a garage?
Yes — the listing gives 3 parking spaces.
Does 542 First Ave N have a basement, and is it finished?
The listing describes the basement as: Finished with Walk-Out, Separate Entrance.
