Address
256 Lincoln Street, Welland, ON
Price
$ 1,049,900
Property Attributes
- ID#40829972
- TypeMulti-Family
- Listing Status Active
- CityWelland
- AreaWelland
- Neighbourhood773 - Lincoln/Crowland
- Postal CodeL3B 4N1
- Style
- Taxes$ 3632
- Price$ 1,049,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage3028
Data Source:
Ontario Regional (ITSO)
Property Description
A turnkey, income generating property in the heart of Welland. This exceptionally well maintained, 5-unit residential apartment building sits in a highly desirable central location, offering strong rental appeal and long-term value, with significant recent capital improvements including a new hot water heating system (2024), newer vinyl thermo windows 2018, and with on-site laundry for all tenants. Most units feature updated flooring and fresh paint, while the exterior stucco 2021 is in excellent condition reflecting the pride of ownership. Tenants benefit from an unbeatable location within walking distance to a major shopping plaza on Lincoln St., two elementary schools, the scenic Welland Canal walking and cycling paths, and vibrant downtown amenities. This property is also serviced by the Niagara Region wide bus route, making it attractive to a broad tenant base. Additional highlights include separate hydro meters, on site parking, and a double car garage at the rear of the property with the potential to generate an additional $1,200 annually by renting out half the garage space. Currently tenanted by quality, reliable residents, this solid and centrally located multi-unit investment asset represents a rare find in one of Niagara's growing communities.
| Price History | |
|---|---|
| 5/14/2026 | Listed $1,099,900 |
| 8/31/2026 | 5$1,049,900 |
General Features
| Living Area | 3028 |
|---|---|
| Sewer | Sewer (Municipal) |
| Heating | Forced Air,Natural Gas |
| Cooling | Other |
| Roof | Asphalt Shing,Membrane |
| Zoning | RL2 |
| Garage Spaces | 2 |
| Patio/Porch Features | Patio |
| Security Features | Carbon Monoxide Detector,Carbon Monoxide Detector(s),Other |
| Construction Materials | Block,Shingle Siding,Stucco,Wood Siding |
| Stories Count | 2 |
| Property Subtype | Multi-5 Unit |
| County | Niagara |
| New Construction | false |
| Property Type | Residential Income |
| Attached Garage | false |
| Facing Direction | South |
| Garage Y/N | true |
| Other Structures | Shed(s),Storage |
| Status | Active |
| City | Welland |
| Senior Community Y/N | false |
| Open Parking Spaces | 7 |
| MLS Area | Welland |
| Lot Size Units | Square Feet |
| Carport Y/N | false |
| MLS Area Minor | 773 - Lincoln/Crowland |
| Virtual Tour | https://youtu.be/i9BqgewXM7Y |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Virtual Tour | https://youtu.be/7M9m0S2rcoU |
Interior Features
| Interior Amenities | Separate Hydro Meters |
|---|---|
| Basement | Separate Entrance,Walk-Out Access,Partial,Partially Finished |
| Total Stories | 2 |
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Above Grade Finished Area | 3028 |
| Laundry Features | Coin Operated,Shared |
| Below Grade Finished Area Unit Type | Square Feet |
| Above Grade Finished Area Unit Type | Square Feet |
Exterior Features
| Exterior Amenities | Lighting,Private Entrance,Separate Hydro Meters |
|---|---|
| Parking Features | Detached Garage,Asphalt |
| Lot Features | Rectangular,Hospital,Park,Place of Worship,Playground Nearby,Public Parking,Public Transit,School Bus Route,Schools,Shopping Nearby |
| Water Source | Municipal |
| Total Parking | 9 |
| Inclusions | Carbon Monoxide Detector |
| Lot Size Area | 5383 |
| Foundation Details | Concrete Block |
| Building Area Total | 3028 |
| Lot Dimensions | 52.83 x 100 |
| Frontage Length | 52.83 |
| Frontage Type | North |
| Waterfront Y/N | false |
| Covered Spaces | 2 |
| 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