240-242 EAST MAIN STREET, Welland (Welland Downtown)

$1,450,000

For sale: Multiplex

Multiplex at 240-242 EAST MAIN STREET, Welland (Welland Downtown)
Property type
Investment
Bedrooms / bathrooms
3 bedrooms
MLS®
MLS® X13639556
Neighbourhood
768 - Welland Downtown

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.

Sold data

Multiplex homes in Welland (Welland Downtown) — recent sold market

Multiplex homes in Welland (Welland Downtown) took a median of 63 days to sell over the last 365 days, with the quickest quarter selling within 28 days and the slowest quarter taking more than 104, across 31 recorded sales.

The median sale price was $589,900.

Homes sold for about 4.4% below asking on average, so there was room to negotiate.

About 3% of sales closed above the list price.

Around 42% of sellers reduced their price before finding a buyer.

Median days to sell
63
Median sale price
$589,900
Sale-to-list ratio
95.6%
Sold above asking
3%

Based on 31 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Welland (Welland Downtown)

Welland (Welland Downtown) has 23 Fraser Institute–rated schools (18 elementary and 5 secondary), averaging 6.5/10.

Rated schools
23
Elementary
18
Secondary
5
Average rating
6.5 / 10

Top-rated schools in Welland (Welland Downtown)

  • Plymouth — elementary, WellandFraser rating 10.0/10
  • Fitch Street — elementary, WellandFraser rating 8.1/10
  • Glendale — elementary, WellandFraser rating 8.1/10
  • Holy Name — elementary, WellandFraser rating 7.9/10
  • Quaker Road — elementary, WellandFraser rating 7.6/10
  • Diamond Trail — elementary, WellandFraser rating 7.2/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 240-242 EAST MAIN STREET