307 Wallace Avenue S, Welland, ON L3B 1R8
Welland, ON, L3B 1R8 · 773 - Lincoln/Crowland
About this property
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.
Features & Amenities
- Basement: Full, Partially Finished, Separate Entrance, Walk-Out
- Garage: None
- Cooling: None
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Other
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | 2-Storey |
| Bedrooms | 6 |
| Bathrooms | 4 |
| Basement | Full, Partially Finished, Separate Entrance, Walk-Out |
| Garage | None |
| Parking Spaces | 4 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $2,006 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Separate Hydro Meter
Exterior Features
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Other
- Foundation Details
- Concrete Block
- Roof
- Asphalt Shingle
- Basement
- Full, Partially Finished, Separate Entrance, Walk-Out
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 4
- Parking Total
- 4.00
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 100.00
- Lot Width
- 45.00
Financial & Tax
- Tax Annual Amount
- $2,006
- Tax Year
- 2025
- Possession Type
- Immediate
- Possession Details
- Immediately - with Tenants.
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 6
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 6
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Niagara
- Cross Street
- Lincoln
- Directions
- HWY 406 to East Main to Wllace
- Special Designation
- Unknown
- Showing Requirements
- Lockbox
Location
307 Wallace Avenue S, Welland, ON L3B 1R8, Welland, ON, L3B 1R8