240-242 EAST MAIN Street

About this home

242 East Main Street, Welland - 7-Unit Residential Income Property. Exceptional investor opportunity in the heart of Welland. This income property offers 7 self-contained residential units, ideally positioned for a buyer looking to build or expand their Niagara portfolio. Property generates over $75K net income/year. The unit mix provides strong versatility and broad tenant appeal: 4 x 2-bedroom, 1 x 1-bedroom, and 2 studio suites - catering to singles, couples, and small families alike. Located in Welland, Ontario, a growing rental market with consistent tenant demand driven by Niagara College, healthcare, and manufacturing employment. Easy access to Highway 406 and the broader Niagara Region makes this an attractive option for a wide range of renters.

Details

Type

Investment

Age

51-99 years

Lot

44.97 × 100.67 ft

Garage

None

Kitchens

0

Property tax

$4,629 (2025)

Neighbourhood

768 - Welland Downtown

Municipality

Welland

Heating, cooling and services

Heating

Gas Forced Air Closed, Gas

Building and exterior

Age

51-99 years

Building area

3,000 Square Feet

More

Possession

Immediate

Cross street

East Main between Ross an River

Business type

Apts - 6 To 12 Units