40 PIETZ Avenue
Welland, Ontario
6 bed • 3 bath • Multi-family
Newly built Tri-plex! 3 x 2 bedroom units. A multi-residential investment property located at 40 & 46 Pietz Ave in Welland, completed in early 2025 the reputable local builder - Silvergate Homes. This turnkey asset features three well-designed 2-bedroom, 1-bathroom units, each with its own private entrance for enhanced tenant privacy. Each unit is thoughtfully finished with modern open-concept layouts, spacious kitchens and living areas, ample storage, and full bathrooms with tubs. Each tenant benefits from in-suite laundry with new washer and dryers, plus individual HVAC systems for independent comfort and efficiency. In total, the property offers approximately 2,939 sq ft of clean, functional, low-maintenance living space. Located on a quiet street just off Broadway St., in Welland’s South West end, the property provides excellent access to local parks, schools, transit, shopping, dining, and quick highway connections via HWY 58 and 406. Its location continues to attract strong, stable tenant demand from families, professionals, and tradespeople—further supported by proximity to Niagara College and ongoing regional growth. With brand-new in 2024 construction, investors benefit from minimal maintenance, reduced capital costs, and strong rental potential in one of Niagara’s most promising markets. These properties can be purchased separately or together 40 and 46 Pietz Ave Welland.
Price History
Schools
Elementary
- St Augustine Catholic Elementary School0.8 km
Catholic · Niagara CDSB · 185 students
Grade 3 reading: 71% met the provincial standard · Grade 6 math: 36% met the provincial standard
- St Mary Catholic Elementary School1.3 km
Catholic · Niagara CDSB · 205 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 50% met the provincial standard
- Plymouth Public School1.5 km
Public · DSB Niagara · 460 students
Grade 3 reading: 97% met the provincial standard · Grade 6 math: 100% met the provincial standard
Secondary
- Notre Dame College School2.9 km
Catholic · Niagara CDSB · 1130 students
Grade 10 literacy: 85% met the provincial standard
- Eastdale Secondary School3.2 km
Public · DSB Niagara · 455 students
Grade 10 literacy: 92% met the provincial standard
- Welland Centennial Secondary School3.2 km
Public · DSB Niagara · 1050 students
Grade 10 literacy: 87% 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
$210,000
Estimated Monthly Payment
$5,158
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,158/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $263/mo
Estimates only. Consult a financial advisor.
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