240-242 EAST MAIN Street, Welland, ON L3B 3W9
Welland Downtown · L3B 3W9
$1,399,000
$466 / sq ft3 months on market
- Bedrooms
- 3
- Total area
- 3,000 sf
- Lot
- 44.97 × 100.67 ft
- Age
- 51-99 years
About this property
242 East Main Street, Welland - 7-Unit Residential Income Property. Exceptional investor opportunity in the heart of Welland. This income property offers 7 self-contained residential units, ideally positioned for a buyer looking to build or expand their Niagara portfolio. Property generates over $75K net income/year. The unit mix provides strong versatility and broad tenant appeal: 4 x 2-bedroom, 1 x 1-bedroom, and 2 studio suites - catering to singles, couples, and small families alike. Located in Welland, Ontario, a growing rental market with consistent tenant demand driven by Niagara College, healthcare, and manufacturing employment. Easy access to Highway 406 and the broader Niagara Region makes this an attractive option for a wide range of renters.
Property details
Property
- Property type
- investment
- Bedrooms
- 3
- Interior size
- 3,000 sq ft
- Year built
- 51-99
- Lot size
- 44.97 × 100.67 ft
- Zoning
- DMC
- Possession
- Immediate
Interior
- Heating
- Gas Forced Air Closed · Gas
- Cooling
- No
Costs
- List price
- $1,399,000
- Property taxes
- $4,629 / year (2025)
- Price per sq ft
- $466
Listing
- MLS® number
- X13639556
- Status
- For sale
- Listed
- August 5, 2026
- Days on market
- 92
- Last updated
- September 4, 2026
- Listing brokerage
- CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Price & sale history
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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 73% of comparable multi-unit / investment listings in Welland are asking less.
- This home
- $466 / sq ft
- Comparable median
- $240 / sq ft
Based on 11 comparable active multi-unit / investment listings in Welland. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $7,100.01
- Property tax (est.)
- $385.75
- Estimated monthly
- $7,486
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
- $24,455
- Total due on closing
- $24,455
An estimate on the asking price of $1,399,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of CENTURY 21 PEOPLE`S CHOICE REALTY INC.. 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.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.
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