REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sandy Mackay

sandy@foundspaces.ca +1(416) 567-3866

$ 529,900

Est. payment -/mo

Save Virtual Tour

Price Dropped by $20K

307 Wallace Avenue S Welland, ON L3B 1R8

6 Beds

4 Baths

2,394 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-4 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 2,394 sqft

Price per Sqft $221

MLS Listing ID 40823281

Bedrooms 6

Abv Grd Liv Area 2,394

Year Built 1947

Annual Tax Amount $4,012

Property Sub-Type Multi-4 Unit

Source Cornerstone

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.

Location

Province ON

County Niagara

Area Welland

Zoning RM

Direction HWY 406 to East Main to Wallace

Rooms

Basement Separate Entrance, Walk-Out Access, Full, Partially Finished

Kitchen 0

Interior

Interior Features Separate Hydro Meters

Heating Forced Air, Natural Gas

Cooling None

Fireplace No

Appliance Dryer, Refrigerator, Stove, Washer

Laundry Shared

Exterior

Parking Features Asphalt

Roof Type Asphalt Shing

Lot Frontage 45.0

Lot Depth 100.0

Garage No

Building

Lot Description Park, Playground Nearby, Public Transit, School Bus Route, Schools, Shopping Nearby

Faces HWY 406 to East Main to Wallace

Story 2

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Other

New Construction No

Others

Senior Community false

Tax ID 641110096

Ownership Freehold/None

Virtual Tour https://www.propertypanorama.com/instaview/itso/40823281

Listed by Real Broker Ontario Ltd.

Sandy Mackay

Realtor / Founder

+1(416) 567-3866

Sandy Mackay

307 Wallace Avenue S Welland, ON L3B 1R8

Key Details

Location

Rooms

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

307 Wallace Avenue S