Salehian.com 647-325-5000

256 Lincoln Street

768 - Welland Downtown, Welland, L3B 4N1

$1,049,900

Reduced $50,000 from $1,099,900

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  • 9 bedrooms
  • 5 bathrooms
  • 9 parking
  • 3000-3500 sq ft

Listed 160 days ago · MLS® X13125466

About this home

A turnkey, income generating property in the heart of Welland. This exceptionally well maintained, 5-unit residential apartment building sits in a highly desirable central location, offering strong rental appeal and long-term value, with significant recent capital improvements including a new hot water heating system (2024), newer vinyl thermo windows 2018, and with on-site laundry for all tenants. Most units feature updated flooring and fresh paint, while the exterior stucco 2021 is in excellent condition reflecting the pride of ownership. Tenants benefit from an unbeatable location within walking distance to a major shopping plaza on Lincoln St., two elementary schools, the scenic Welland Canal walking and cycling paths, and vibrant downtown amenities. This property is also serviced by the Niagara Region wide bus route, making it attractive to a broad tenant base. Additional highlights include separate hydro meters, on site parking, and a double car garage at the rear of the property with the potential to generate an additional $1,200 annually by renting out half the garage space. Currently tenanted by quality, reliable residents, this solid and centrally located multi-unit investment asset represents a rare find in one of Niagara's growing communities.

Details

Type
Multiplex
Style
2-Storey
Size
3000-3500 sq ft
Lot
52.83 × 100 ft
Basement
Separate Entrance, Partially Finished, Other
Garage
Detached
Kitchens
5
Property tax
$3,632 (2026)
Neighbourhood
768 - Welland Downtown
Municipality
Welland

Interior

Bedrooms
9 above ground
Bathrooms
1 × 4-piece, 1 × 3-piece, 1 × 3-piece, 1 × 3-piece, 1 × 3-piece
Rooms
20 above ground
Family room or den
No
Fireplace
No
Features
Separate Hydro Meter

Heating, cooling and services

Heating
Forced Air, Gas
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Stone
Roof
Asphalt Shingle, Membrane
Foundation
Concrete Block
Faces
North
Outdoor
Landscape Lighting, Patio, Deck, Storage, Garden Shed

Parking

Garage spaces
2
Total parking
9
Driveway and parking
Available, Private

Lot

Size
52.83 × 100 ft

More

Possession
with tenants
Nearby
Hospital, Place Of Worship, Public Transit, School
Cross street
Garner Ave

History of this address

3 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 1 grocery store, 20 cafés and restaurants, 10 parks, 5 pharmacies. Nearest grocery: Pupo's Food Market (800 m). Nearest park: Rotary Park (450 m).

Schools nearby

Elementary

  • Plymouth Public School
    EQAO: Gr 6 reading 100%, math 100%    10 min walk
  • St. Mary Catholic Elementary School Catholic
    EQAO: Gr 6 reading 83%, math 50%    10 min walk
  • Fitch Street Public School
    EQAO: Gr 6 reading 98%, math 50%    1.6 km
  • Princess Elizabeth Public School
    EQAO: Gr 6 reading 90%, math 48%    1.6 km

Secondary

  • Notre Dame College School Catholic
    EQAO: Gr 9 math 56%, literacy test 85%    2.0 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L3B

Owners / renters
65% / 35%
Median household income
$66,500
Average age
43
Children under 15
16%
Homes
65% detached, 3% high-rise
Commute by transit
2%
Population
25,869

Languages spoken most at home besides English: Spanish 0.6%, Italian 0.5%, Urdu 0.4%, Punjabi (Panjabi) 0.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Niagara Peninsula Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Niagara Region (St. Catharines) police: 54 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Niagara Peninsula Conservation open data. Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 74 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by REAL BROKER ONTARIO LTD..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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