428 Wallace Avenue N
Welland (Welland Downtown), ON L3B 1R2
- 6Bedrooms
- 3Bathrooms
- 8Parking
- 2500–3000Sq Ft
- $4,507Tax
- 60×102 ftLot Size
Free EstimateSee Free Estimate Report
Sale & Price History for 428 Wallace Avenue N, Welland, Welland Downtown
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 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 428 Wallace Avenue N, Welland, Welland Downtown
Summarized Description
- Rare opportunity with unique property features.
- Includes residential rental income potential.
- Substantial commercial-style shop space available.
- Detached home offers existing rental income.
- Multiple income streams in one location.
- Ideal for investors and business owners.
- Future redevelopment possibilities exist.
- Located in Welland with great potential.
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!
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $4,507
- Land Transfer Tax Fee
- $6,073
Rental Items
- Rental Equipment
- HWT
- Under Contract
- Hot Water Heater
- Basement Type
- Full, Unfinished
Interior Features
- Interior Extras
- Other
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
- Other Structures
- Workshop
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
- Approx Age
- 51-99
Construction
- Exterior Finish
- Stucco (Plaster)
- Roof
- Asphalt Shingle
- Foundation Details
- Block, Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 60.00 ft
- Lot Depth
- 101.80 ft
Parking & Garages
- Garage Type
- Detached
- Garage Spaces
- 2
- Parking Spaces
- 6
- Total Garage And Parking Spaces
- 8
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 6
- Washrooms
- 3
- Kitchens
- 2
Washrooms
- 3-piece
- 3-piece
- 2-piece
- Municipality
- Welland
- Neighbourhood
- Welland Downtown
- Main cross streets
- E Main x Wallace
- Directions
- E Main - N on Wallace
- MLS® number
- X13883436
- Data source
- Toronto Regional Real Estate Board
- Listed on
- 2026-10-09
- Updated on
- 2026-10-09
- Days on market
- 12 days
- Possession type
- Flexible
- Co-op commission
- 2%
- Seller
- Listed by
- COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
Home Market Value
Current home valuation for 428 Wallace Avenue N, Welland, Welland Downtown, Welland, ON. Listed for $479,900
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 428 Wallace Avenue N, Welland, Welland Downtown
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
5% of purchase price for homes $500K or less
$23,995
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $18,236 | $13,389 | $11,422 | $0 |
=Total mortgage | $474,141 | $445,299 | $419,337 | $383,920 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,315monthly | $2,174monthly | $2,047monthly | $1,874monthly |
Land Transfer Tax
$6,073
$6,073
Around this home
Data provided by OpenStreetMap & Fraser Institute School Rankings
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