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$499,900

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307 Wallace Avenue South

Welland, Ontario L3B1R8

For sale· Added

6 bed4 bath2,394 sqft

About this home

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

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Property details

Listing

MLS® number
40823281
Added
Apr 29, 2026 ()
Updated
Sep 16, 2026 ()
Info refreshed

Overview

Property type
Multi-family
Building type
Fourplex
Storeys
2
Ownership
Freehold
Year built
1,947

Inside

Bedrooms
6
Bathrooms
4
Heating
Forced air, Natural gas
Cooling
None
Fireplace
No
Features
Paved driveway

Building

Basement
Partially finished, Full
Exterior
Other
Parking
4 spaces

Land

Frontage
45 ft
Zoning
RM

Services

Water
Municipal water
Sewer
Municipal sewage system

Location

Community
Lincoln/Crowland
Directions
HWY 406 to East Main to Wallace
Nearby
School Bus

Running costs

Annual property tax
$4,012

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$499,900
307 Wallace Avenue South
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