$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
Estimated mortgage payment
$2,213 per month
- Principal and interest
- $2,213
- Property tax
- $167
- Condo fees
- $0
- 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
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $106,453
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates 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
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