22 GREENWOOD Avenue
Welland, Ontario
4 bed • 2 bath • Multi-family
Offset your mortgage by renting one unit today, with the flexibility to convert back to a single-family home down the road. This updated legal duplex in Welland's desirable Prince Charles neighbourhood, just minutes from Chippawa Park, offers the perfect opportunity to live in one unit while generating rental income from the other. Featuring separate hydro meters and private entrances, this property also provides added flexibility to reconnect the two units and create a single-family home if desired. Extensively updated over the past six years, improvements include windows, furnace and A/C, luxury vinyl plank flooring, appliances, and added insulation between units for enhanced sound separation. The lower suite was fully finished in recent years, featuring a modern kitchen and bathroom and its own private laundry. Enjoy a spacious backyard with mature trees, a patio area perfect for barbecuing, and a detached garage offering additional storage or parking. This home is surrounded by quiet, tree-lined streets, a strong sense of community, and convenient access to schools, parks, shopping, and transit. Residents enjoy nearby walking trails along the Welland Canal while still being just minutes to downtown Welland. A rare opportunity to secure a home that combines lifestyle, income potential, and long-term flexibility.
Price History
Schools
Elementary
- Ross Public School0.2 km
Public · DSB Niagara · 290 students
Grade 3 reading: 56% met the provincial standard · Grade 6 math: 43% met the provincial standard
- St Kevin Catholic Elementary School0.2 km
Catholic · Niagara CDSB · 390 students
Grade 3 reading: 91% met the provincial standard · Grade 6 math: 92% met the provincial standard
- Glendale Public School0.8 km
Public · DSB Niagara · 360 students
Grade 3 reading: 77% met the provincial standard · Grade 6 math: 33% met the provincial standard
Secondary
- Notre Dame College School0.3 km
Catholic · Niagara CDSB · 1130 students
Grade 10 literacy: 85% met the provincial standard
- Welland Centennial Secondary School1.4 km
Public · DSB Niagara · 1050 students
Grade 10 literacy: 87% met the provincial standard
- ÉSC Saint-Jean-de-Brébeuf1.7 km
French Catholic · CS catholique MonAvenir · 390 students
Grade 10 literacy: 91% 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 L3C
- Population
- 33,462
- Private dwellings
- 14,273
- Median age
- 45.6
- Average household size
- 2.4
- Median household income
- $78,500
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
- 764
- Median days on market
- 33
- Sale-to-list price
- 96.3%
Based on 764 recorded sales of multi-family properties in Welland over the last 12 months.
Location
Mortgage Calculator
$102,980
Estimated Monthly Payment
$2,530
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,530/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $129/mo
Estimates only. Consult a financial advisor.
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