307 Wallace Avenue S
Welland, ON L3B 1R8
For more information on this listing, contact us at: (647) 643-3377
Active
$499,900
-9.1%
307 Wallace Avenue S Welland, ON L3B 1R8
Multi-4 Unit
Property Type
6
Beds
4
Baths
2,394
Sq. Ft.
1947
Year Built
Niagara
Region
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.
MLS #
40823281
Monthly Assoc. Fee
N/A
On Site
183 Days
Last Updated
9/16/2026
For additional details, clarifications, or to request neighbourhood insights or comparables, our team is available to assist.
Contact Agent
Property Details
Community Information
Address
307 Wallace Avenue S, Welland, ON L3B 1R8
Area
Welland
Region
Niagara
City
Welland
Postal Code
L3B 1R8
Neighborhood
773 - Lincoln/Crowland
Architecture
Bedrooms
6
Bathrooms
4
Year Built
1947
Stories
2
Building Area
2394
Roof
Asphalt Shing
Basement
Separate Entrance, Walk-Out Access, Full, Partially Finished
Attached Garage Yes/No
No
Parking Features
Asphalt
Open Parking Spaces
4
Parking Total
4
Features / Amenities
Interior Features
Separate Hydro Meters
Appliances
Dryer, Refrigerator, Stove, Washer
Laundry
Shared
Inclusions
Carbon Monoxide Detector, 3 Fridges, 3 Stoves, 1 Washer, 1 Dryer
Security Features
Carbon Monoxide Detector, Carbon Monoxide Detector(s)
Heating
Forced Air, Natural Gas
Square Footage Finished Sq. Ft.
Above Grade
2394
Total
2394
Property Features
Lot Dimensions
45 x 100
Lot Features
Park, Playground Nearby, Public Transit, School Bus Route, Schools, Shopping Nearby
Frontage Length
45.00
Sewer
Sewer (Municipal)
Water
Municipal
Zoning
RM
Directions
HWY 406 to East Main to Wallace
Tax and Financial Info
Tax Annual Amount
$4,012.25
Electric Expense
$1,950.82
Insurance Expense
$2,800
Ownership Type
Freehold/None
Transaction Type
Sale
Listing Agent/Office
Listing provided courtesy of Eli Milenkoff, Real Broker Ontario Ltd..
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Purchase price
Down payment
Price Change History
| Date | Old Price | New Price | Percent Change |
| 5/30/2026 | $549,900 | $529,900 |
-3.6%
|
| 8/29/2026 | $529,900 | $499,900 |
-5.7%
|
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Listing Information Last Updated 9/16/2026
The Company acknowledges that The Canadian Real Estate Association (CREA) is the owner of the MLS®, Multiple Listing Service® and related certification marks, and is the exclusive licensee of the REALTOR®, REALTORS® and related certification marks (collectively, “CREA’s trademarks”).