307 Wallace Avenue S, Welland, ON L3B 1R8

$499,900
6
BD
4
BA
2,000
SqFt

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List Price
$499,900
Price Change
▼ $30,000 1787903341
MLS#
X13060548
Status
ACTIVE
Type
Multifamily
SubType
Fourplex
Style
2-Storey
Bedrooms
6
Bathrooms
4
Living Area
2000-2500
Province
ON
Municipality
Welland
Area
Niagara
Neighborhood
773 - Lincoln/Crowland
Subdivision
Lincoln

Property 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.

Additional Information

Taxes
$2,006
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Lot Depth
100
Kitchens
4
Exterior
Other
Garage Type
None
Pool
None
Parking Spaces
4

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Calculator source: Real Geeks

Listing courtesy of Real Broker Ontario Ltd..