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
Multiplex homes in Welland (Lincoln/Crowland) — recent sold market
Multiplex homes in Welland (Lincoln/Crowland) took a median of 63 days to sell over the last 365 days, with the quickest quarter selling within 25 days and the slowest quarter taking more than 104, across 33 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 84 days.
The median sale price was $589,900.
Homes sold for about 4.8% below asking on average, so there was room to negotiate.
About 3% of sales closed above the list price.
Around 36% of sellers reduced their price before finding a buyer.
- Median days to sell
- 63
- Median sale price
- $589,900
- Sale-to-list ratio
- 95.2%
- Sold above asking
- 3%
Based on 33 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 (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
$425,000
Multiplex136 REGENT STREET, 768 - Welland Downtown, Welland
$425,000
Multiplex321,100–1,500 sqft136 REGENT STREET, 768 - Welland Downtown, Welland
$399,999
Multiplex421,500–2,000 sqft92 SAINT ARNAUD STREET, 875 - Killaly East, Port Colborne
$529,900
Multiplex532,000–2,500 sqft313 GILMORE ROAD, 332 - Central, Fort Erie
$389,900
Multiplex421,100–1,500 sqft305 BURGAR STREET, 768 - Welland Downtown, Welland
$474,900
Multiplex3+12700–1,100 sqft314 BROADWAY STREET, 772 - Broadway, Welland
$459,900
Multiplex34454 HURON STREET, 210 - Downtown, Niagara Falls
$399,000
Multiplex631,500–2,000 sqft48 JOHNSTON STREET, 875 - Killaly East, Port Colborne