307 Wallace Avenue S,Welland, ON L3B 1R8
Welland, ON L3B 1R8
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.
Details
| MLS # | 40823281 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1947 |
| Days On Site | 176 |
| Listing Provided By | Real Broker Ontario Ltd. | Eli Milenkoff |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,394 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | RM |
| Acreage | 0.10 |
Interior
| Appliances | Dryer, Refrigerator, Stove, Washer |
|---|---|
| Interior Features | Separate Hydro Meters |
| Cooling | None |
| Cooling Yes / No | No |
| Heating | Forced Air, Natural Gas |
| Heating Yes / No | Yes |
| Laundry Features | Shared |
Exterior
| Lot Features | Park, Playground Nearby, Public Transit, School Bus Route, Schools, Shopping Nearby |
|---|---|
| Construction Materials | Other |
| Roof | Asphalt Shing |
| Security Features | Carbon Monoxide Detector, Carbon Monoxide Detector(s) |
Parking
| Parking Features | Asphalt |
|---|---|
| Open Parking Yes / No | Yes |
| Attached Garage Yes / No | No |
Utilities
| Sewer | Sewer (Municipal) |
|---|
Taxes
| Tax Annual Amount | 4012.25 |
|---|
Area Information
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 1R8 |
| Area | Welland |
| Subarea | 773 Lincoln | Crowland |
| Community Name | 773 Lincoln/Crowland |
| Listing VS Median (in 773 Lincoln/Crowland) | |
Price: $499,900 low | high Med: $349,000 sqft: 2,394 low | high Med: 1,520 $ / sqft: $209 low | high Med: $230 On site: 176 low | high Med: 114 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 1R8 |
| Area | Welland |
| Subarea | 773 Lincoln | Crowland |
| Community Name | 773 Lincoln/Crowland |
| Listing VS Median (in 773 Lincoln/Crowland) | |
Price: $499,900 low | high Med: $349,000 sqft: 2,394 low | high Med: 1,520 $ / sqft: $209 low | high Med: $230 On site: 176 low | high Med: 114 | |