Skip to content
1 / 12
For saleMLS® X13883436

428 Wallace Avenue N, Welland, ON L3B 1R2

Welland Downtown · L3B 1R2

$479,900

$192 / sq ft

3 weeks on market

Bedrooms
6
Bathrooms
3
Interior
2,500 sf
Parking
8
Lot
60 × 101.8 ft
Age
51-99 years

What's special

  • Detached garage
  • Central air
  • Finished basement

Book a private showing

Pick a time that suits you. No obligation.

Loading open times…

About this property

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!

Features

  • Other

Property details

Property

Property type
multiplex
Bedrooms
6
Bathrooms
3
Interior size
2,500 sq ft
Year built
51-99
Lot size
60 × 101.8 ft
Possession
Flex

Interior

Basement
Full, Unfinished
Heating
Forced Air · Gas
Cooling
Central Air
Exposure
East

Exterior & services

Construction
Stucco (Plaster)
Garage
Detached
Parking spaces
8
Sewer
Sewer

Costs

List price
$479,900
Property taxes
$4,507 / year (2025)
Price per sq ft
$192
Rental items
HWT

Listing

MLS® number
X13883436
Status
For sale
Listed
October 9, 2026
Days on market
26
Last updated
October 9, 2026
Listing brokerage
COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE

Price & sale history

This property's sale history is hidden

TRREB rules require a free account before sold and leased prices can be shown. One registration unlocks full sale history across the site.

Unlock sale history & sold price

Free. Takes about twenty seconds.

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 29% of comparable multiplex listings in Welland Downtown are asking less.

$415KMedian $587K$855K
This home
$192 / sq ft
Comparable median
$283 / sq ft

Based on 14 comparable active multiplex listings in Welland Downtown. These are asking prices, not sale prices.

Mortgage estimate

Down payment5.0% · minimum $23,995
$23,995
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$2,520.78
Property tax (est.)
$375.58
Estimated monthly
$2,896

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
$6,073
Total due on closing
$6,073

An estimate on the asking price of $479,900. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE. 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.

$479,900

Contact Book a viewing

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.

Unlock nearby sold prices

Free. Takes about twenty seconds.

Similar properties nearby