Property Information:

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. (id:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Basement Development: Partially finished
Basement Type: Full
Exterior Finish: Other
Floor Space: 2394 sqft
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None

Property Features:

OwnershipType: Freehold
Property Type: Multi-family
Bedrooms: 6
Bathrooms: 4
Amenities Nearby: Park, Playground, Public Transit, Schools, Shopping
Built in: 1947
Community Features: School Bus
Features: Paved driveway
Floor Space (approx): 2394 Square Feet
Lot Depth: 100 Feet
Lot Frontage: 45 Feet
Zoning: RM
Sewer: Municipal sewage system
No. of Parking Spaces: 4

Courtesy of: Real Broker Ontario Ltd.

More Detail

Less Detail

Demographic Information of 307 S WALLACE Avenue S, Welland, Ontario, L3B 1R8

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$71,538.90

Average Number of Children

1.56

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

24.49 %

High school certificate or equivalent

38.24 %

Apprenticeship trade certificate/diploma

8.43 %

College/non-university certificate

20.86 %

University Degree

7.99 %

Commuter

Travel To Work

By Car

88.74 %

By Public Transit

0.5 %

By Walking

6.6 %

By Bicycle

0.0 %

By Other Methods

4.16 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

41.98 %

Houses

58.02 %

307 S WALLACE Avenue S, Welland, Ontario, L3B 1R8