ActiveFor Sale

307 WALLACE Avenue South
Welland, Ontario, L3B1R8

Fourplex
CREA
MLS® Number: 40823281
Estimated Value
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$499,900List Price
6Bedrooms
4Bathrooms
4Total Parking
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Current valuation for 307 S WALLACE Avenue S. Listed for $499,900

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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. (id:66360)

Features

OtherPaved driveway

Amenities

School Bus

Summary

List Price:$499,900
MLS® Number:40823281
CREA Listing Key:29675693
Type:Fourplex
Building Age:Built 1947
Size:2,394 sq ft
Taxes:$4,012
Total Parking Spaces:4
Community:773 - Lincoln/Crowland
Listing Brokerage:Real Broker Ontario Ltd.

Rooms

No room information available

Details

Property

Property Type:Fourplex
Community:773 - Lincoln/Crowland
Municipality:Welland

Building

Size:2,394 sq ft
Building Age:Built 1947

Inside

Bedrooms:6
Bathrooms:4
Basement:Partially finished, Full

Parking

Total Parking Spaces:4

Utilities

Cooling:None
Heating:Forced air, Natural gas
Water Supply:Municipal water
Utility Sewer:Municipal sewage system

Land

Zoning:RM
Directions:HWY 406 to East Main to Wallace

$499,900

List price