307 Wallace Avenue S Welland, ON L3B 1R8
307 Wallace Avenue S Welland, ON L3B 1R8 | MLS 40823281 Photo 1
307 Wallace Avenue S Welland, ON L3B 1R8 | MLS 40823281 Photo 2
307 Wallace Avenue S Welland, ON L3B 1R8 | MLS 40823281 Photo 3
307 Wallace Avenue S Welland, ON L3B 1R8 | MLS 40823281 Photo 4
307 Wallace Avenue S Welland, ON L3B 1R8 | MLS 40823281 Photo 5
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
View All Property Details
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

Hisham Abouraya

Hisham Abouraya

(647) 643-3377
Partner & REALTOR®

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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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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307 Wallace Avenue S Welland, ON L3B 1R8 | MLS 40823281
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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”).
307 Wallace Avenue S Welland, ON L3B 1R8
  • $499,900
  • 6 beds
  • 4 baths
  • 2,394 Sq. Ft.