240-242 EAST MAIN Street, Welland, ON L3B 3W9
768 - Welland Downtown, Welland · Near East Main between Ross an River · View map
About this home
242 East Main Street, Welland - 7-Unit Residential Income Property. Exceptional investor opportunity in the heart of Welland. This income property offers 7 self-contained residential units, ideally positioned for a buyer looking to build or expand their Niagara portfolio. Property generates over $75K net income/year. The unit mix provides strong versatility and broad tenant appeal: 4 x 2-bedroom, 1 x 1-bedroom, and 2 studio suites - catering to singles, couples, and small families alike. Located in Welland, Ontario, a growing rental market with consistent tenant demand driven by Niagara College, healthcare, and manufacturing employment. Easy access to Highway 406 and the broader Niagara Region makes this an attractive option for a wide range of renters.
The home
- Type
- Investment
- Square footage
- 3000 sq ft
- Bedrooms
- 3
- Lot size
- 45 x 100.7 ft
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Gas Forced Air Closed
Garage & parking
- Total parking
- None
Taxes & other
- Property taxes
- $4,629/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Immediate
- Cross street
- East Main between Ross an River
- Neighbourhood
- 768 - Welland Downtown
More
- MLS® number
- X13639556
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
240-242 EAST MAIN Street, Welland, ON L3B 3W9
768 - Welland Downtown, Welland · Near East Main between Ross an River
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Listing history for 240-242 EAST MAIN Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 240-242 EAST MAIN Street
Answers come straight from this home’s MLS® listing.
How much is 240-242 EAST MAIN Street listed for, and what would it cost each month?
240-242 EAST MAIN Street is listed for $1,399,000. With 20% down ($279,800), the mortgage payment would be roughly $5,643 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $6,029 a month, all in. That figure is an illustration, not a quote.
Is 240-242 EAST MAIN Street freehold or a condo, and is there a monthly fee?
240-242 EAST MAIN Street is a investment in 768 - Welland Downtown, Welland. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 240-242 EAST MAIN Street have?
240-242 EAST MAIN Street has 3 bedrooms.
Does 240-242 EAST MAIN Street have a garage and parking?
The listing does not show a garage. The listing does not include a parking space.
What style of home is 240-242 EAST MAIN Street?
240-242 EAST MAIN Street is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 240-242 EAST MAIN Street, and what is the lot size?
The lot is listed as 45 x 100.7 ft.
How is 240-242 EAST MAIN Street heated and cooled?
Heating is gas forced air closed (gas). The listing does not show air conditioning.
What are the property taxes for 240-242 EAST MAIN Street?
Property taxes are $4,629 a year (2025), or about $386 a month.
Where is 240-242 EAST MAIN Street?
240-242 EAST MAIN Street is in the 768 - Welland Downtown community of Welland. The nearest main intersection is East Main between Ross an River. The postal code is L3B 3W9.
Is 240-242 EAST MAIN Street still for sale?
Yes. It is an active listing (MLS® X13639556). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 240-242 EAST MAIN Street asking?
Similar properties for sale nearby right now include 77 East Main Street S at $1,500,000, 214 King Street at $1,324,900 and 187 King Street at $1,060,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 240-242 EAST MAIN Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 240-242 EAST MAIN Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 768 - Welland Downtown, picked by style, size and price.
Commercial retail$1,500,00077 East Main Street S, Welland768 - Welland DowntownCourtesy of: REVEL Realty Inc., BrokerageView home →
Commercial retail$1,324,900214 King Street, Welland10 bath · 768 - Welland DowntownCourtesy of: RE/MAX GARDEN CITY REALTY INC, BROKERAGEView home →
Sale of business$1,060,000187 King Street, Welland768 - Welland DowntownCourtesy of: BAY STREET GROUP INC.View home →Courtesy of: CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.