Gurvinder Nokwal REALTOR®
For Sale Duplex 9 days on market

$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
Map

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

Minimum for this price: $23,995 (5%)

Amortization, years

Estimated mortgage payment

$2,125 per month

Principal and interest
$2,125
Property tax
$376
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
Total, before legal fees
$102,053
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

428 Wallace Avenue N, Welland, ON L3B 1R2 768 - Welland Downtown, Welland, ON L3B 1R2
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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).

$479,900 428 Wallace Avenue N, Welland, ON L3B 1R2
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