$799,900
For sale: Multiplex

All-brick 2-storey multi-residential building in the heart of Welland! This solid investment property features four fully finished 2-bedroom, 1-bathroom units, plus a full basement with two additional units that are approximately 75% complete. With proper city approvals and permits, the building can be completed as a legal 6-unit property, offering excellent value-add potential. Major updates have already been taken care of, including a brand-new tankless boiler system, upgraded main electrical wiring, and a full sprinkler system with alarm. A recent fire inspection and approved fire plan ensure compliance with current safety standards and reduce future risk. A detached double garage provides the option for additional income or secure storage. Located near schools, shopping, and public transit, this is the perfect opportunity for investors seeking both strong rental income and future growth potential in a desirable area of Welland.
Sold data
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 40 days.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.
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
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.
Currently for sale

$899,900
Detached18 VENTURE WAY, 560 - Rolling Meadows, Thorold

$899,000
Other6043 MAIN STREET, 216 - Dorchester, Niagara Falls

$899,000
Detached176 JAMES STREET, 451 - Downtown, St. Catharines

$759,900
Detached4058 GLENSPRING ROAD, 337 - Crystal Beach, Fort Erie

$874,900
Other8190-94 CUMMINGTON SQUARE W, 223 - Chippawa, Niagara Falls

$799,999
Townhouse84 GANTON TRAIL, 766 - Hwy 406/Welland, Welland

$1,029,000
Detached82 IVY CRESCENT, 558 - Confederation Heights, Thorold

$1,499,900
Multiplex89 SIXTH STREET, 773 - Lincoln/Crowland, Welland