$549,900
For sale: Multiplex

Explore the possibilities at 28 Fifth Street in Welland ! This multi unit property features two spacious two-bedroom apartments, one on the main floor and one upstairs, plus an additional lower-level unit. An appealing opportunity for investors seeking multiple rental streams or buyers considering living in one unit while renting the others. The deep lot offers outdoor space to enjoy, complemented by a detached double garage and private driveway parking. Whether you're expanding your investment portfolio or exploring an owner-occupied rental property, this versatile property deserves a closer look!
Sold data
Multiplex homes in Welland (Lincoln/Crowland) took a median of 46 days to sell over the last 730 days, with the quickest quarter selling within 22 days and the slowest quarter taking more than 85, across 56 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.
The median sale price was $574,450.
Homes sold for about 4.2% below asking on average, so there was room to negotiate.
About 4% of sales closed above the list price.
Around 29% of sellers reduced their price before finding a buyer.
Based on 56 recorded sales in the last 2 years — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Welland (Lincoln/Crowland) has 23 Fraser Institute–rated schools (18 elementary and 5 secondary), averaging 6.5/10.
School ratings from the Fraser Institute's Ontario school report cards.
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