Address
307 Wallace Avenue S, Welland, ON
Price
$ 499,900
Property Attributes
- ID#40823281
- TypeMulti-Family
- Listing Status Active
- CityWelland
- AreaWelland
- Neighbourhood773 - Lincoln/Crowland
- Postal CodeL3B 1R8
- Style
- Year Built1947
- Taxes$ 4012
- Price$ 499,900
- Bedrooms6
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2394
Data Source:
Ontario Regional (ITSO)
Property Description
Investment opportunity at 307 Wallace Street in the heart of Welland — one of Niagara’s growing and most investor friendly cities. This solid fourplex offers value for investors seeking cash flow and long term upside, featuring four separate hydro meters and zoned Residential Medium Density (RM). This centrally located asset is well positioned to deliver. Situated in a mature, established neighbourhood, the property is within walking distance of the Lincoln Street Plaza and offers easy access to public transit, schools, parks, and everyday amenities. Just minutes from Downtown Welland, a core undergoing active renewal with canal access, heritage buildings, and walkable businesses and the iconic Welland Canal walking and cycling trails. The City of Welland recently celebrated the near completion of approximately 4.5 kilometres of new multi-use trails, further enhancing active transportation and connectivity throughout the city. Niagara College is a short drive away, ensuring a consistent and diverse tenant pool of students, faculty, and tradespeople year round. Quick access to Highway 406, connecting tenants seamlessly across the entire Niagara Region. Priced to sell, 307 Wallace is a smart, strategic addition to any real estate portfolio in Niagara’s most exciting emerging investment market.
| Price History | |
|---|---|
| 4/30/2026 | Listed $549,900 |
| 5/30/2026 | 4$529,900 |
| 8/29/2026 | 6$499,900 |
General Features
| Living Area | 2394 |
|---|---|
| Sewer | Sewer (Municipal) |
| Heating | Forced Air,Natural Gas |
| Cooling | None |
| Roof | Asphalt Shing |
| Appliances | Dryer,Refrigerator,Stove,Washer |
| Zoning | RM |
| Security Features | Carbon Monoxide Detector,Carbon Monoxide Detector(s) |
| Construction Materials | Other |
| Exclusions | Main Floor Tenants Own 1 Fridge And 1 Stove |
| Year Built | 1947 |
| Stories Count | 2 |
| Property Subtype | Multi-4 Unit |
| County | Niagara |
| Insurance Expense | 2800 |
| New Construction | false |
| Property Type | Residential Income |
| Attached Garage | false |
| Garage Y/N | false |
| Status | Active |
| Directions | HWY 406 to East Main to Wallace |
| City | Welland |
| Senior Community Y/N | false |
| Open Parking Spaces | 4 |
| Number Of Units Total | 4 |
| MLS Area | Welland |
| Lot Size Units | Square Feet |
| Carport Y/N | false |
| Electric Expense | 1950.82 |
| MLS Area Minor | 773 - Lincoln/Crowland |
| Virtual Tour | https://www.propertypanorama.com/instaview/itso/40823281 |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Virtual Tour | https://youtu.be/nHRhnZdSaAg |
Interior Features
| Interior Amenities | Separate Hydro Meters |
|---|---|
| Basement | Separate Entrance,Walk-Out Access,Full,Partially Finished |
| Total Stories | 2 |
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Above Grade Finished Area | 2394 |
| Laundry Features | Shared |
| Total Bedrooms | 6 |
| Below Grade Finished Area Unit Type | Square Feet |
| Above Grade Finished Area Unit Type | Square Feet |
| Total Baths | 4 |
Exterior Features
| Parking Features | Asphalt |
|---|---|
| Lot Features | Park,Playground Nearby,Public Transit,School Bus Route,Schools,Shopping Nearby |
| Water Source | Municipal |
| Total Parking | 4 |
| Inclusions | Carbon Monoxide Detector,3 Fridges, 3 Stoves, 1 Washer, 1 Dryer |
| Lot Size Area | 4500 |
| Building Area Total | 2394 |
| Lot Dimensions | 45 x 100 |
| Frontage Length | 45.00 |
| Waterfront Y/N | false |
| Crops Included Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating