111 MCALPINE Avenue
Welland, Ontario
6 bed • 4 bath • Multi-family
Welcome to 111 McAlpine Ave. S., Welland! A turn-key investment opportunity offering 3 fully self-contained legal units. The property features two units in the main building and a standalone 2-bedroom garden suite, all professionally managed and maintained with no tenant issues. The main floor unit spans the main level and basement of the home, featuring 1+1 bedrooms, 1.5 baths, large kitchen, separate living and dining spaces, front porch and back deck! The second-floor unit offers 2 bedrooms, 1 bath, open concept living-dining-kitchen area, and access to a private front balcony. The garden suite includes 2 bedrooms, 1 bath, and a bright, open layout. Each unit has separate hydro meters, private laundry, and dedicated parking (one spot per unit per leases, but the driveway fits 6+ cars). Tenants are current and paying market rents, ensuring a strong, stable income stream. Located close to shopping, schools, highway access, and public transit, this property combines modern living with excellent convenience. Perfect for investors seeking a hands-free, income-generating property in a desirable Welland location.
Price History
Schools
Elementary
- St Andrew Catholic Elementary School0.6 km
Catholic · Niagara CDSB · 320 students
Grade 3 reading: 78% met the provincial standard · Grade 6 math: 96% met the provincial standard
- Princess Elizabeth Public School0.9 km
Public · DSB Niagara · 465 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 48% met the provincial standard
- École intermédiaire Franco-Niagara1 km
French public · CS Viamonde · 50 students
Secondary
- École secondaire Franco-Niagara1 km
French public · CS Viamonde · 120 students
Grade 10 literacy: 100% met the provincial standard
- Eastdale Secondary School1 km
Public · DSB Niagara · 455 students
Grade 10 literacy: 92% met the provincial standard
- Notre Dame College School1.3 km
Catholic · Niagara CDSB · 1130 students
Grade 10 literacy: 85% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L3B
- Population
- 25,869
- Private dwellings
- 11,617
- Median age
- 43.2
- Average household size
- 2.3
- Median household income
- $66,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Multi-family in Welland · last 12 months
- Median sold price
- $532,750
- Homes sold
- 762
- Median days on market
- 33
- Sale-to-list price
- 96.3%
Based on 762 recorded sales of multi-family properties in Welland over the last 12 months.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Mortgage Calculator
$154,980
Estimated Monthly Payment
$3,807
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $3,807/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $194/mo
Estimates only. Consult a financial advisor.
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