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307 S WALLACE Avenue S
homes for sale · Welland · Lincoln/Crowland
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$499,900

307 S WALLACE Avenue S

Lincoln/Crowland, Welland · MLS® 40823281

644

2,394 sq ft · House · Multi-family · built 1947 · 178 days on market

listed by Eli Milenkoff, Real Broker Ontario Ltd.

realtor's description

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.

property details

type
House, Multi-family
bedrooms
6
bathrooms
4
living area
2,394 sq ft
parking
4
year built
1947
property tax
$4,012 / yr
days on market
178
MLS®
40823281

features

  • Paved driveway
  • School Bus

monthly cost

$2,512/mo
Mortgage $2,178 · Tax $334

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$2,178/ monthly
loan $399,920
25-year amortization
total interest
$253,485
cash to close
$99,980
down payment; transfer tax and fees not included
total paid
$653,405

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Lincoln/Crowland, WellandGoogle Maps ↗

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listed by
Eli Milenkoff
Real Broker Ontario Ltd.
call Eli · 905-380-3111
Powered by: REALTOR.ca
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location

Lincoln/Crowland, WellandGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

mihom score from OpenStreetMap places, by straight line distance.

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