Gurvinder Nokwal REALTOR®
For Sale Fourplex 174 days on market

$499,900 ↓ $50,000 from $549,900

Est. payment $2,213/moCalculate yours

307 Wallace Avenue S, Welland, ON L3B 1R8

773 - Lincoln/Crowland, Welland, ON L3B 1R8

  • 6 Beds
  • 4 Baths
  • 2,000 Sq Ft

Listing courtesy of Real Broker Ontario Ltd. MLS® X13060548

About this home

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.

Property details

Overview

Property Type
Fourplex
Style
2-Storey
For
For Sale
Status
Price Change
Size
2,000 sqft

Interior

Bedrooms
6
Bathrooms
4
Kitchens
4
Basement
Full, Partially Finished, Separate Entrance, Walk-Out

Building & Systems

Heating
Forced Air (Gas)
Cooling
None
Exterior
Other
Foundation
Concrete Block
Roof
Asphalt Shingle
Water
Municipal
Sewer
Sewer

Lot & Parking

Lot Size
45 x 100 Feet
Parking
None garage · 4 total

Financial

Property Taxes
$2,006 (2025)

Location

Neighbourhood
773 - Lincoln/Crowland
Cross Street
Lincoln
Direction Faces
West

Listing

MLS® Number
X13060548
Days on Market
174
Listed On
2026-04-27
Possession
Immediately - with Tenants.
Listed By
Real Broker Ontario Ltd.

Features

Interior

  • Separate Hydro Meter

Pool

  • None

Mortgage calculator

Minimum for this price: $24,995 (5%)

Amortization, years

Estimated mortgage payment

$2,213 per month

Principal and interest
$2,213
Property tax
$167
Estimated monthly cost
$2,381

Your mortgage

Mortgage amount
$399,920
Mortgage insurance
Not needed
Interest over 25 years
$264,115

Cash to close

Down payment
$99,980
Land transfer tax
$6,473
Total, before legal fees
$106,453
Talk to me about financing

Estimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.

Location

307 Wallace Avenue S, Welland, ON L3B 1R8 773 - Lincoln/Crowland, Welland, ON L3B 1R8
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Listing data is provided under license and deemed reliable but not guaranteed. MLS®, Multiple Listing Service® and associated logos are trademarks of The Canadian Real Estate Association (CREA).

$499,900 307 Wallace Avenue S, Welland, ON L3B 1R8
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