387 First Avenue, Welland, ON L3C 5R3
767 - N. Welland, Welland · Near Woodlawn Rd · View map
About this home
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!
The home
- Type
- Backsplit
- Style
- Backsplit 4
- Square footage
- 700-1100 sq ft
- Bedrooms
- 3
- Basement bedrooms
- 3
- Bathrooms
- 2
- Kitchens
- 2
- Rooms
- 7
- Basement
- Apartment, Finished with Walk-Out, Separate Entrance, Walk-Up
- Lot size
- 33 x 112 ft
- Faces
- West
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Carbon Monoxide Detectors
- Exterior
- Aluminum Siding, Brick Front
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 3
- Total parking
- 3
- Parking features
- Private
Taxes & other
- Property taxes
- $3,081/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- immediate with tenant
- Cross street
- Woodlawn Rd
- Neighbourhood
- 767 - N. Welland
More
- Price per sq ft
- ~$667 (at 900 sq ft)
- Listed
- Sep 18, 2026 · 25 days ago
- MLS® number
- X13804364
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The home and its surroundings
- Accessory Apartment
- In-Law Suite
- Library
- Park
- Place Of Worship
- Public Transit
- School Bus Route
- School
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
387 First Avenue, Welland, ON L3C 5R3
767 - N. Welland, Welland · Near Woodlawn Rd
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Listing history for 387 First Avenue
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 387 First Avenue
Answers come straight from this home’s MLS® listing.
How much is 387 First Avenue listed for, and what would it cost each month?
387 First Avenue is listed for $599,900. With 20% down ($119,980), the mortgage payment would be roughly $2,420 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,677 a month, all in. That figure is an illustration, not a quote.
Is 387 First Avenue freehold or a condo, and is there a monthly fee?
387 First Avenue is a backsplit in 767 - N. Welland, Welland. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 387 First Avenue have?
387 First Avenue has 3 bedrooms, plus 3 more bedrooms in the basement, and 2 bathrooms. The listing gives the style as backsplit 4.
Does 387 First Avenue have a garage and parking?
The listing does not show a garage. The driveway adds 3 spaces. In total the listing counts 3 parking spaces.
Does 387 First Avenue have a finished basement?
The listing describes the basement as apartment, finished with walk-out, separate entrance, walk-up. It counts 3 bedrooms on that level. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 387 First Avenue?
387 First Avenue is a backsplit. A backsplit has its levels staggered front to back: from the street it looks like a bungalow, with extra levels at the rear.
How big is 387 First Avenue, and what is the lot size?
The listing puts the home between 700 and 1,100 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 33 x 112 ft.
How is 387 First Avenue heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 387 First Avenue?
Property taxes are $3,081 a year (2025), or about $257 a month.
Where is 387 First Avenue?
387 First Avenue is in the 767 - N. Welland community of Welland. The nearest main intersection is Woodlawn Rd. The postal code is L3C 5R3.
How long has 387 First Avenue been on the market?
387 First Avenue was listed on September 18, 2026. It has been on the market for 25 days. It is an active listing (MLS® X13804364). Listings here update from the board through the day and come down once a home sells.
What are similar bungalows near 387 First Avenue asking?
Similar bungalow-style homes for sale nearby right now include 512 First Avenue at $529,900 (3+3 bed), 360 First Avenue at $689,900 (3+3 bed) and 542 First Avenue N at $499,900 (3+3 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 387 First Avenue sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 387 First Avenue?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-619-2256.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar bungalows nearby
More bungalow-style homes for sale near 767 - N. Welland, picked by style, size and price.
Backsplit$529,900512 First Avenue, Welland3+3 bed · 2 bath · 767 - N. WellandCourtesy of: RE/MAX REALTY SPECIALISTS INC.View home →
Backsplit$689,900360 First Avenue, Welland3+3 bed · 2 bath · 767 - N. WellandCourtesy of: RE/MAX EXPERTSView home →
Backsplit$499,900542 First Avenue N, Welland3+3 bed · 2 bath · 767 - N. WellandCourtesy of: Century 21 Heritage House LTDView home →Courtesy of: Century 21 Heritage House LTD
PropTx MLS® assumes no responsibility for the accuracy of any information shown. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.