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307 Wallace Avenue Welland ON

📍 Welland, Ontario L3B 1R8

$529,900

Active
4BEDS
1BATHS
4PARKING
4KITCHENS
45×100LOT (FT)

📋 Listing Highlights

StatusActive
MLS®X13060548
ListedApr 29, 2026
Days on Market—
Property TypeResidential Freehold
StyleFourplex
Cross StreetLincoln
PossessionImmediately - with Tenants.
Virtual TourView Tour →

📝 Listing 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.

🏠 Property Details

Property TypeResidential Freehold
StyleFourplex
Bedrooms4
Bathrooms1
Kitchens4

📐 Lot & Land

Lot Width45 ft
Lot Depth100 ft
Cross StreetLincoln

🔧 Building & Utilities

Heat SourceGas
HeatingForced Air
CoolingNone
BasementFull, Partially Finished, Separate Entrance, Walk-Out
GarageNone
Parking4
ConstructionOther
RoofAsphalt Shingle

💰 Financial

List Price$529,900
Annual Taxes$2,006 (2025)
PossessionImmediately - with Tenants.

🧮 Mortgage Calculator

$105,980
Est. Monthly Payment
$2,603/mo
Principal: $423,920 · P+I only
Does not include taxes, insurance or CMHC

📍 Location

Listing provided by Real Broker Ontario Ltd.Data via PropTx MLS® / TRREB. Information deemed reliable but not guaranteed.MLS® #X13060548 · Last updated: Jul 14, 2026

Information deemed reliable but not guaranteed. © TRREB / PropTx. MLS® is a trademark of CREA. This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate.