307 WALLACE AVENUE S, Welland (Lincoln/Crowland)
$499,900
For sale: Multiplex
- Property type
- Fourplex
- Bedrooms / bathrooms
- 6 bedrooms, 4 bathrooms
- Living area
- 2,500 sqft
- MLS®
- MLS® X13060548
- Neighbourhood
- 773 - Lincoln/Crowland
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.
Sold data
Homes in Lincoln Crowland — recent sold market
Homes in Lincoln Crowland took a median of 26 days to sell over the last 90 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 64, across 49 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 40 days.
The median sale price was $399,999.
Homes sold for about 3.3% below asking on average, so there was room to negotiate.
About 6% of sales closed above the list price.
Around 37% of sellers reduced their price before finding a buyer.
- Median days to sell
- 26
- Median sale price
- $399,999
- Sale-to-list ratio
- 96.7%
- Sold above asking
- 6%
Based on 49 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Welland (Lincoln/Crowland)
Welland (Lincoln/Crowland) 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 (Lincoln/Crowland)
- 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 307 WALLACE AVENUE S
$650,000
Multiplex442,000–2,500 sqft42 RIVERSIDE DRIVE, 772 - Broadway, Welland
$619,900
Multiplex631,500–2,000 sqft137 WELLINGTON STREET, 875 - Killaly East, Port Colborne
$579,000
Multiplex632,000–2,500 sqft4865 ARMOURY STREET, 211 - Cherrywood, Niagara Falls
$399,000
Multiplex631,500–2,000 sqft48 JOHNSTON STREET, 875 - Killaly East, Port Colborne
$549,000
Multiplex532,000–2,500 sqft31 PINE STREET N, 557 - Thorold Downtown, Thorold
$579,000
Multiplex631,100–1,500 sqft4591 HOMEWOOD AVENUE, 211 - Cherrywood, Niagara Falls
$509,900
Multiplex421,500–2,000 sqft368 NIAGARA STREET, 769 - Prince Charles, Welland
$525,000
Townhouse5+241,100–1,500 sqft80 MONARCH STREET, 771 - Coyle Creek, Welland