256 Lincoln Street, Welland, ON L3B 4N1
768 - Welland Downtown, Welland · Near Garner Ave · View map
About this home
A turnkey, income generating property in the heart of Welland. This exceptionally well maintained, 5-unit residential apartment building sits in a highly desirable central location, offering strong rental appeal and long-term value, with significant recent capital improvements including a new hot water heating system (2024), newer vinyl thermo windows 2018, and with on-site laundry for all tenants. Most units feature updated flooring and fresh paint, while the exterior stucco 2021 is in excellent condition reflecting the pride of ownership. Tenants benefit from an unbeatable location within walking distance to a major shopping plaza on Lincoln St., two elementary schools, the scenic Welland Canal walking and cycling paths, and vibrant downtown amenities. This property is also serviced by the Niagara Region wide bus route, making it attractive to a broad tenant base. Additional highlights include separate hydro meters, on site parking, and a double car garage at the rear of the property with the potential to generate an additional $1,200 annually by renting out half the garage space. Currently tenanted by quality, reliable residents, this solid and centrally located multi-unit investment asset represents a rare find in one of Niagara's growing communities.
The home
- Type
- Multiplex
- Style
- 2-Storey
- Square footage
- 3000-3500 sq ft
- Bedrooms
- 9
- Bathrooms
- 5
- Kitchens
- 5
- Rooms
- 20
- Basement
- Separate Entrance, Partially Finished, Other
- Lot size
- 52.8 x 100 ft
- Faces
- North
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Stone
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- No
Garage & parking
- Garage
- Detached
- Garage spaces
- 2
- Driveway spaces
- 7
- Total parking
- 9
- Parking features
- Available, Private
Taxes & other
- Property taxes
- $3,632/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- with tenants
- Cross street
- Garner Ave
- Neighbourhood
- 768 - Welland Downtown
More
- Price per sq ft
- ~$323 (at 3,250 sq ft)
- MLS® number
- X13125466
No matching details. Ask Will instead
The home and its surroundings
- Separate Hydro Meter
- Hospital
- Place Of Worship
- Public Transit
- School
- Landscape Lighting
- Patio
- Deck
- 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.
256 Lincoln Street, Welland, ON L3B 4N1
768 - Welland Downtown, Welland · Near Garner Ave
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 256 Lincoln Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 256 Lincoln Street
Answers come straight from this home’s MLS® listing.
How much is 256 Lincoln Street listed for, and what would it cost each month?
256 Lincoln Street is listed for $1,049,900. With 20% down ($209,980), the mortgage payment would be roughly $4,235 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $4,538 a month, all in. That figure is an illustration, not a quote.
Is 256 Lincoln Street freehold or a condo, and is there a monthly fee?
256 Lincoln Street is a multiplex 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 256 Lincoln Street have?
256 Lincoln Street has 9 bedrooms and 5 bathrooms. The listing gives the style as 2-storey.
Does 256 Lincoln Street have a garage and parking?
Yes. The listing shows the garage as detached, with room for 2 cars. The driveway adds 7 spaces. In total the listing counts 9 parking spaces.
Does 256 Lincoln Street have a finished basement?
The listing describes the basement as separate entrance, partially finished, other. Finished basement space is usually not counted in the square footage shown. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 256 Lincoln Street?
256 Lincoln Street is a multiplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 256 Lincoln Street, and what is the lot size?
The listing puts the home between 3,000 and 3,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 52.8 x 100 ft.
How is 256 Lincoln Street heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 256 Lincoln Street?
Property taxes are $3,632 a year (2026), or about $303 a month.
Where is 256 Lincoln Street?
256 Lincoln Street is in the 768 - Welland Downtown community of Welland. The nearest main intersection is Garner Ave. The postal code is L3B 4N1.
Is 256 Lincoln Street still for sale?
Yes. It is an active listing (MLS® X13125466). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 256 Lincoln Street asking?
Similar properties for sale nearby right now include 13 McMaster Avenue at $899,900 (8 bed), 247 King Street at $749,900 (6 bed) and 13/15 Duncan Street W at $999,900 (8 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 256 Lincoln 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 256 Lincoln 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.
Multiplex$899,90013 McMaster Avenue, Welland8 bed · 5 bath · 768 - Welland DowntownCourtesy of: RE/MAX ESCARPMENT REALTY INC.View home →
Fourplex$749,900247 King Street, Welland6 bed · 4 bath · 768 - Welland DowntownCourtesy of: Real Broker Ontario Ltd.View home →
Fourplex$999,90013/15 Duncan Street W, Welland8 bed · 5 bath · 773 - Lincoln/CrowlandCourtesy of: COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGEView home →Courtesy of: REAL BROKER ONTARIO LTD.
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.