428 Wallace Avenue N, Welland, ON L3B 1R2
768 - Welland Downtown, Welland · Near E Main x Wallace · View map
About this home
RARE OPPORTUNITY WITH ENDLESS POSSIBILITIES! Welcome to 428 Wallace Avenue North in Welland, a unique property offering residential rental income along with a substantial commercial-style shop space. Featuring approximately 4,500 sq. ft. of combined space, the property includes a detached home of approximately 1,400 sq. ft. and a separate building offering approximately 2,926 sq. ft. across the main-floor shop and upper-level residential apartment. Both the home and apartment are currently tenanted, providing existing rental income, while the shop is owner-occupied and offers excellent space for a business, workshop, storage or personal use. Whether you're an investor looking to expand your portfolio, a business owner wanting to operate from your own property while collecting rental income, or someone exploring future redevelopment or additional residential units, this property offers plenty of potential. A unique opportunity with multiple income streams and possibilities, all in one location!
The home
- Type
- Duplex
- Style
- 2-Storey
- Square footage
- 2500-3000 sq ft
- Bedrooms
- 6
- Bathrooms
- 3
- Kitchens
- 2
- Rooms
- 10
- Basement
- Full, Unfinished
- Lot size
- 60 x 101.8 ft
- Faces
- East
- Approximate age
- 51-99 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Stucco (Plaster)
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- No
Garage & parking
- Garage
- Detached
- Garage spaces
- 2
- Driveway spaces
- 6
- Total parking
- 8
- Parking features
- Private Double
Taxes & other
- Property taxes
- $4,507/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flex
- Cross street
- E Main x Wallace
- Neighbourhood
- 768 - Welland Downtown
More
- Price per sq ft
- ~$175 (at 2,750 sq ft)
- MLS® number
- X13883436
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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.
428 Wallace Avenue, Welland, ON L3B 1R2
768 - Welland Downtown, Welland · Near E Main x Wallace
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Listing history for 428 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 428 Wallace Avenue N
Answers come straight from this home’s MLS® listing.
How much is 428 Wallace Avenue N listed for, and what would it cost each month?
428 Wallace Avenue N is listed for $479,900. With 20% down ($95,980), the mortgage payment would be roughly $1,936 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $2,311 a month, all in. That figure is an illustration, not a quote.
Is 428 Wallace Avenue N freehold or a condo, and is there a monthly fee?
428 Wallace Avenue N is a duplex 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 428 Wallace Avenue N have?
428 Wallace Avenue N has 6 bedrooms and 3 bathrooms. The listing gives the style as 2-storey.
Does 428 Wallace Avenue N have a garage and parking?
Yes. The listing shows the garage as detached, with room for 2 cars. The driveway adds 6 spaces. In total the listing counts 8 parking spaces.
Does 428 Wallace Avenue N have a finished basement?
The listing describes the basement as full, unfinished.
What style of home is 428 Wallace Avenue N?
428 Wallace Avenue N is a duplex. 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 428 Wallace Avenue N, and what is the lot size?
The listing puts the home between 2,500 and 3,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 60 x 101.8 ft.
How is 428 Wallace Avenue N heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 428 Wallace Avenue N?
Property taxes are $4,507 a year (2025), or about $376 a month.
Where is 428 Wallace Avenue N?
428 Wallace Avenue N is in the 768 - Welland Downtown community of Welland. The nearest main intersection is E Main x Wallace. The postal code is L3B 1R2.
Is 428 Wallace Avenue N still for sale?
Yes. It is an active listing (MLS® X13883436). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 428 Wallace Avenue N asking?
Similar properties for sale nearby right now include 307 Wallace Avenue S at $499,900 (6 bed), 182 Garner Avenue at $539,900 (5 bed) and 81 Grove Street at $539,900 (4+2 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 428 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 428 Wallace Avenue N?
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.
Fourplex$499,900307 Wallace Avenue S, Welland6 bed · 4 bath · 773 - Lincoln/CrowlandCourtesy of: Real Broker Ontario Ltd.View home →
Duplex$539,900182 Garner Avenue, Welland5 bed · 3 bath · 768 - Welland DowntownCourtesy of: RE/MAX GARDEN CITY REALTY INC, BROKERAGEView home →
Duplex$539,90081 Grove Street, Welland4+2 bed · 4 bath · 768 - Welland DowntownCourtesy of: RE/MAX NIAGARA REALTY LTD, BROKERAGEView home →Courtesy of: COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
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.