428 WALLACE AVENUE N, Welland (Welland Downtown)
$479,900
For sale: Multiplex
- Property type
- Duplex
- Bedrooms / bathrooms
- 6 bedrooms, 3 bathrooms
- Living area
- 3,000 sqft
- MLS®
- MLS® X13883436
- Neighbourhood
- 768 - Welland Downtown
RARE OPPORTUNITY WITH ENDLESS POSSIBILITIES! Welcome to 428 Wallace Avenue North in Welland, a unique property offering residential rental income along with a substantial commercial-style shop space. Featuring approximately 4,500 sq. ft. of combined space, the property includes a detached home of approximately 1,400 sq. ft. and a separate building offering approximately 2,926 sq. ft. across the main-floor shop and upper-level residential apartment. Both the home and apartment are currently tenanted, providing existing rental income, while the shop is owner-occupied and offers excellent space for a business, workshop, storage or personal use. Whether you're an investor looking to expand your portfolio, a business owner wanting to operate from your own property while collecting rental income, or someone exploring future redevelopment or additional residential units, this property offers plenty of potential. A unique opportunity with multiple income streams and possibilities, all in one location!
Sold data
Homes in Welland Downtown — recent sold market
Homes in Welland Downtown took a median of 26 days to sell over the last 365 days, with the quickest quarter selling within 14 days and the slowest quarter taking more than 63, across 48 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 69 days.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 $427,400.
Homes sold for about 4.3% below asking on average, so there was room to negotiate.
About 2% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
- Median days to sell
- 26
- Median sale price
- $427,400
- Sale-to-list ratio
- 95.7%
- Sold above asking
- 2%
Based on 48 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 428 WALLACE AVENUE N
$619,999
Multiplex631,500–2,000 sqft26 BALMORAL AVENUE, 773 - Lincoln/Crowland, Welland
$428,888
Multiplex6+231,100–1,500 sqft17 MANNING STREET, 450 - E. Chester, St. Catharines
$519,900
Multiplex441,500–2,000 sqft185 CATHERINE STREET, 332 - Central, Fort Erie
$414,900
Multiplex632,000–2,500 sqft255 JARVIS STREET, 332 - Central, Fort Erie
$499,000
Detached6+231,100–1,500 sqft5659 ROBINSON STREET, 216 - Dorchester, Niagara Falls
$508,888
Townhouse5+131,100–1,500 sqftA - 3 GALBRAITH STREET, 458 - Western Hill, St. Catharines
$499,900
Townhouse331,500–2,000 sqft1202 PLATO DRIVE, 334 - Crescent Park, Fort Erie
$528,888
Townhouse5+231,500–2,000 sqft3 GALBRAITH STREET, 458 - Western Hill, St. Catharines