Listed for:Listed Apr 27, 2026
$499,900

307 Wallace Avenue S

Welland (Lincoln/Crowland), ON L3B 1R8

Multiplex For Sale
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031
Down Payment AssistanceGet Best Mortgage Rates

Sale & Price History for 307 Wallace Avenue S, Welland, Lincoln/Crowland

No listing history available

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 307 Wallace Avenue S, Welland, Lincoln/Crowland

Summarized Description

  • Solid fourplex investment opportunity in Welland
  • Zoned Residential Medium Density for multiple units
  • Four separate hydro meters for tenant convenience
  • Centrally located near amenities and transit
  • Close to Downtown Welland's active renewal
  • Diverse tenant pool from nearby Niagara College
  • Quick access to Highway 406 for regional connectivity
  • Strategic addition to any real estate portfolio

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.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$2,006
Land Transfer Tax Fee
$6,473

Basement Type
Full, Partially Finished, Separate Entrance, Walk-Out

Interior Features

Interior Extras
Separate Hydro Meter
Fireplace/Stove
No
Elevator
No

Exterior Features

Pool
None

Building

Building Type
Multiplex
Building Style
2-Storey

Construction

Exterior Finish
Other
Roof
Asphalt Shingle
Foundation Details
Concrete Block
Special Designation
Unknown

Lot

Lot Front
45.00 ft
Lot Depth
100.00 ft

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Spaces
4
Total Garage And Parking Spaces
4

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
None
Water
Municipal
Sewers
Sewer

Bedrooms
6
Washrooms
4
Kitchens
4

Washrooms

  • 3-piece
  • 3-piece
  • 3-piece
  • 3-piece

Municipality
Welland
Neighbourhood
Lincoln/Crowland
Main cross streets
Lincoln
Directions
HWY 406 to East Main to Wllace

MLS® number
X13060548
Data source
Toronto Regional Real Estate Board
Listed on
2026-04-27
Updated on
2026-08-28
Days on market
180 days
Possession type
Immediate
Co-op commission
2% + HST
Seller
Listed by
REAL BROKER ONTARIO LTD.

Home Market Value

Current home valuation for 307 Wallace Avenue S, Welland, Lincoln/Crowland, Welland, ON. Listed for $499,900

HOMEH Estimate

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Estimated Sales Range

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HOMEH Estimate for 307 Wallace Avenue S, Welland, Lincoln/Crowland

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Welland, ON
Minimum Down Payment Required:5.0%

5% of purchase price for homes $500K or less

Minimum down payment

$24,995

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$18,996$13,947$11,898$0
=Total mortgage
$493,901$463,857$436,813$399,920
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$2,411monthly$2,265monthly$2,133monthly$1,953monthly
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Land Transfer Tax

Provincial

$6,473

Total Land Transfer Tax

$6,473

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