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Additional details
$ 529,900
Est. payment /mo
Active
307 Wallace AVE S Welland, ON L3B 1R8
6 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X13060548
Style 2-Storey
Bedrooms 6
Annual Tax Amount $2,006
Tax Year 2025
Property Sub-Type Fourplex
Property 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.
Location
Province ON
County Niagara
Area Niagara
Rooms
Family Room No
Basement Full, Partially Finished, Separate Entrance, Walk-Out
Kitchen 4
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 45.0
Lot Depth 100.0
Total Parking Spaces 4
Building
Foundation Concrete Block
Others
ParcelsYN No
Virtual Tour https://drive.google.com/file/d/1_-IRtavGh7c5f6uL9OMpz8ILbgJaeHZy/view?usp=sharing
Listed by Real Broker Ontario Ltd.