Salehian.com 647-325-5000

307 Wallace Avenue S

773 - Lincoln/Crowland, Welland, L3B 1R8

$499,900

Reduced $50,000 from $549,900

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  • 6 bedrooms
  • 4 bathrooms
  • 4 parking
  • 2000-2500 sq ft

Listed 173 days ago · MLS® X13060548

About this home

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.

Details

Type
Fourplex
Style
2-Storey
Size
2000-2500 sq ft
Lot
45 × 100 ft
Basement
Full, Partially Finished, Separate Entrance, Walk-Out
Garage
None
Kitchens
4
Property tax
$2,006 (2025)
Neighbourhood
773 - Lincoln/Crowland
Municipality
Welland

Interior

Bedrooms
6 above ground
Bathrooms
1 × 3-piece, 1 × 3-piece, 1 × 3-piece, 1 × 3-piece
Rooms
6 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
Roof
Asphalt Shingle
Foundation
Concrete Block
Faces
West

Parking

Total parking
4

Lot

Size
45 × 100 ft

More

Possession
Immediately - with Tenants.
Cross street
Lincoln

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 Somewhat walkable

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

Within a 10-minute walk: 1 grocery store, 5 cafés and restaurants, 6 parks, 4 pharmacies. Nearest grocery: No Frills (500 m). Nearest park: Manchester Park (400 m).

Schools nearby

Elementary

  • Princess Elizabeth Public School
    EQAO: Gr 6 reading 90%, math 48%    4 min walk
  • École élémentaire catholique Saint-François-d'Assise Catholic · French
    EQAO: Gr 6 reading 86%, math 29%    9 min walk
  • St. Andrew Catholic Elementary School Catholic
    EQAO: Gr 6 reading 86%, math 96%    14 min walk
  • École secondaire Franco-Niagara French14 min walk

Secondary

  • Eastdale Secondary School
    EQAO: Gr 9 math 43%, literacy test 92%    14 min walk
  • Notre Dame College School Catholic
    EQAO: Gr 9 math 56%, literacy test 85%    1.9 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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