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For sale
  • C$529,900

    307 Wallace Ave S, Welland, ON L3B 1R8

    6beds
    4baths
    2,394sqft
    Multi-4 Unit, Multi Family
    Built in 1947
    -- sqft lot
    $-- Zestimate®
    C$221/sqft
    C$-- HOA

    What's special

    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.
    89 days
    |
    16
    |
    1
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    Zillow last checked:

    Listing updated:

    Listed by:

    Eli Milenkoff, Broker,

    Real Broker Ontario Ltd.

    Source: ITSO,MLS®#: 40823281Originating MLS®#: Cornerstone Association of REALTORS®

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 4
      Heating
      • Forced Air, Natural Gas
      Cooling
      • None
      Appliances
      • Included: Dryer, Refrigerator, Stove, Washer
      • Laundry: Shared
      Features
      • Separate Hydro Meters
      • Basement: Separate Entrance,Walk-Out Access,Full,Partially Finished
      • Has fireplace: No
      Interior area
      • Total structure area: 2,394
      • Total interior livable area: 2,394 sqft
      • Finished area above ground: 2,394

      Property

      Parking
      • Total spaces: 4
      • Parking features: Asphalt, Private Drive Single Wide
      • Uncovered spaces: 4
      Features
      • Frontage length: 45.00
      Lot
      • Size: 4,500 Square Feet
      • Dimensions: 45 x 100
      • Features: Park, Playground Nearby, Public Transit, School Bus Route, Schools, Shopping Nearby
      Details
      • Parcel number: 641110096
      • Zoning: RM

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi-4 Unit, Multi Family
      Materials
      • Other
      • Roof: Asphalt Shing
      Condition
      • 51-99 Years
      • New construction: No
      • Year built: 1947

      Utilities & green energy

      • Sewer: Sewer (Municipal)
      • Water: Municipal

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector, Carbon Monoxide Detector(s)
      Location
      • Region: Welland

      Financial & listing details

      • Price per square foot: C$221/sqft
      • Annual tax amount: C$4,012
      • Date on market: 4/30/2026
      • Inclusions: Carbon Monoxide Detector, 3 Fridges, 3 Stoves, 1 Washer, 1 Dryer
      • Exclusions: Main Floor Tenants Own 1 Fridge And 1 Stove
      Eli Milenkoff, Broker

      Eli Milenkoff, Broker

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        Price history

        DateEventPrice
        5/30/2026Price changeC$529,900-3.6%C$221/sqft
        Source: TRREB #X13060548 Report a problem
        4/29/2026Listed for saleC$549,900C$230/sqft
        Source: TRREB #X13060548 Report a problem

        Public tax history

        Tax history is unavailable.

        Climate risks

        Neighborhood: L3B

        Getting around

        73 / 100
        Very Walkable
        54 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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