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For saleMLS® X13060548

307 Wallace Avenue S, Welland, ON L3B 1R8

Lincoln/Crowland · L3B 1R8

$499,900

$250 / sq ft

6 months on market

Bedrooms
6
Bathrooms
4
Interior
2,000 sf
Parking
4
Lot
45 × 100 ft

What's special

  • 4 parking spaces
  • Walk-out basement
  • Separate hydro meter

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About this property

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.

Features

  • Separate Hydro Meter

Property details

Property

Property type
multiplex
Bedrooms
6
Bathrooms
4
Interior size
2,000 sq ft
Lot size
45 × 100 ft
Possession
Immediately - with Tenants.

Interior

Basement
Full, Partially Finished, Separate Entrance, Walk-Out
Heating
Forced Air · Gas
Exposure
West

Exterior & services

Construction
Other
Parking spaces
4
Sewer
Sewer

Costs

List price
$499,900
Property taxes
$2,006 / year (2025)
Price per sq ft
$250

Listing

MLS® number
X13060548
Status
For sale
Listed
April 29, 2026
Days on market
189
Last updated
August 28, 2026
Listing brokerage
Real Broker Ontario Ltd.

Price & sale history

This property's sale history is hidden

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Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 27% of comparable multiplex listings in Lincoln/Crowland are asking less.

$340KMedian $569K$1.30M
This home
$250 / sq ft
Comparable median
$400 / sq ft

Based on 15 comparable active multiplex listings in Lincoln/Crowland. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $24,995
$24,995
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$2,625.83
Property tax (est.)
$167.17
Estimated monthly
$2,793

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$6,473
Total due on closing
$6,473

An estimate on the asking price of $499,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of Real Broker Ontario Ltd.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$499,900

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