$479,900
Est. payment $2,125/moCalculate yours
428 Wallace Avenue N, Welland, ON L3B 1R2
768 - Welland Downtown, Welland, ON L3B 1R2
- 6 Beds
- 3 Baths
- 2 Garage
- 2,500 Sq Ft
Listing courtesy of COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE MLS® X13883436
About this home
RARE OPPORTUNITY WITH ENDLESS POSSIBILITIES! Welcome to 428 Wallace Avenue North in Welland, a unique property offering residential rental income along with a substantial commercial-style shop space. Featuring approximately 4,500 sq. ft. of combined space, the property includes a detached home of approximately 1,400 sq. ft. and a separate building offering approximately 2,926 sq. ft. across the main-floor shop and upper-level residential apartment. Both the home and apartment are currently tenanted, providing existing rental income, while the shop is owner-occupied and offers excellent space for a business, workshop, storage or personal use. Whether you’re an investor looking to expand your portfolio, a business owner wanting to operate from your own property while collecting rental income, or someone exploring future redevelopment or additional residential units, this property offers plenty of potential. A unique opportunity with multiple income streams and possibilities, all in one location!
Property details
Overview
- Property Type
- Duplex
- Style
- 2-Storey
- For
- For Sale
- Status
- New
- Approximate Age
- 51-99
- Size
- 2,500 sqft
Interior
- Bedrooms
- 6
- Bathrooms
- 3
- Kitchens
- 2
- Basement
- Full, Unfinished
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Block, Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 60 x 101.8 Feet
- Parking
- Detached garage · 8 total
Financial
- Property Taxes
- $4,507 (2025)
Location
- Neighbourhood
- 768 - Welland Downtown
- Cross Street
- E Main x Wallace
- Direction Faces
- East
Listing
- MLS® Number
- X13883436
- Days on Market
- 9
- Listed On
- 2026-10-09
- Possession
- Flex
- Listed By
- COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
Features
Interior
- Other
Pool
- None
- Rental items
- HWT
Mortgage calculator
Estimated mortgage payment
$2,125 per month
- Principal and interest
- $2,125
- Property tax
- $376
- Condo fees
- $0
- Estimated monthly cost
- $2,500
Your mortgage
- Mortgage amount
- $383,920
- Mortgage insurance
- Not needed
- Interest over 25 years
- $253,548
Cash to close
- Down payment
- $95,980
- Land transfer tax
- $6,073
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $102,053
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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