307 Wallace Avenue S, Welland, ON L3B 1R8
773 - Lincoln/Crowland, Welland · Near Lincoln · View map
About this home
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.
The home
- Type
- Fourplex
- Style
- 2-Storey
- Square footage
- 2000-2500 sq ft
- Bedrooms
- 6
- Bathrooms
- 4
- Kitchens
- 4
- Rooms
- 6
- Basement
- Full, Partially Finished, Separate Entrance, Walk-Out
- Lot size
- 45 x 100 ft
- Faces
- West
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Fireplace
- No
Garage & parking
- Driveway spaces
- 4
- Total parking
- 4
Taxes & other
- Property taxes
- $2,006/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Immediately - with Tenants.
- Cross street
- Lincoln
- Neighbourhood
- 773 - Lincoln/Crowland
More
- Price per sq ft
- ~$222 (at 2,250 sq ft)
- MLS® number
- X13060548
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The home and its surroundings
- Separate Hydro Meter
- 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.
307 Wallace Avenue, Welland, ON L3B 1R8
773 - Lincoln/Crowland, Welland · Near Lincoln
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Listing history for 307 Wallace Avenue
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 307 Wallace Avenue S
Answers come straight from this home’s MLS® listing.
How much is 307 Wallace Avenue S listed for, and what would it cost each month?
307 Wallace Avenue S is listed for $499,900. With 20% down ($99,980), the mortgage payment would be roughly $2,016 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,184 a month, all in. That figure is an illustration, not a quote.
Is 307 Wallace Avenue S freehold or a condo, and is there a monthly fee?
307 Wallace Avenue S is a fourplex in 773 - Lincoln/Crowland, 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 307 Wallace Avenue S have?
307 Wallace Avenue S has 6 bedrooms and 4 bathrooms. The listing gives the style as 2-storey.
Does 307 Wallace Avenue S have a garage and parking?
The listing does not show a garage. The driveway adds 4 spaces. In total the listing counts 4 parking spaces.
Does 307 Wallace Avenue S have a finished basement?
The listing describes the basement as full, partially finished, separate entrance, walk-out. 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 307 Wallace Avenue S?
307 Wallace Avenue S is a fourplex. 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 307 Wallace Avenue S, and what is the lot size?
The listing puts the home between 2,000 and 2,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 45 x 100 ft.
How is 307 Wallace Avenue S heated and cooled?
Heating is forced air (gas). The listing does not show air conditioning.
What are the property taxes for 307 Wallace Avenue S?
Property taxes are $2,006 a year (2025), or about $167 a month.
Where is 307 Wallace Avenue S?
307 Wallace Avenue S is in the 773 - Lincoln/Crowland community of Welland. The nearest main intersection is Lincoln. The postal code is L3B 1R8.
Is 307 Wallace Avenue S still for sale?
Yes. It is an active listing (MLS® X13060548). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 307 Wallace Avenue S asking?
Similar properties for sale nearby right now include 428 Wallace Avenue N at $479,900 (6 bed), 26 Balmoral Avenue at $619,999 (6 bed) and 28 Fifth Street at $549,900 (5 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 307 Wallace Avenue 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 307 Wallace Avenue S?
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 773 - Lincoln/Crowland, picked by style, size and price.
Duplex$479,900428 Wallace Avenue N, Welland6 bed · 3 bath · 768 - Welland DowntownCourtesy of: COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGEView home →
Duplex$619,99926 Balmoral Avenue, Welland6 bed · 3 bath · 773 - Lincoln/CrowlandCourtesy of: EXP REALTYView home →
Multiplex$549,90028 Fifth Street, Welland5 bed · 3 bath · 773 - Lincoln/CrowlandCourtesy of: TRIMAXX REALTY LTD.View 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.