307 WALLACE Avenue
Welland, Ontario
6 bed • 4 bath • Multi-family
Investment opportunity at 307 Wallace Street in the heart of Welland — one of Niagara’s growing and most investor friendly cities. This solid fourplex offers value for investors seeking cash flow and long term upside, featuring four separate hydro meters and zoned Residential Medium Density (RM). This centrally located asset is well positioned to deliver. Situated in a mature, established neighbourhood, the property is within walking distance of the Lincoln Street Plaza and offers easy access to public transit, schools, parks, and everyday amenities. Just minutes from Downtown Welland, a core undergoing active renewal with canal access, heritage buildings, and walkable businesses and the iconic Welland Canal walking and cycling trails. The City of Welland recently celebrated the near completion of approximately 4.5 kilometres of new multi-use trails, further enhancing active transportation and connectivity throughout the city. Niagara College is a short drive away, ensuring a consistent and diverse tenant pool of students, faculty, and tradespeople year round. Quick access to Highway 406, connecting tenants seamlessly across the entire Niagara Region. Priced to sell, 307 Wallace is a smart, strategic addition to any real estate portfolio in Niagara’s most exciting emerging investment market.
Price History
Schools
Elementary
- Princess Elizabeth Public School0.2 km
Public · DSB Niagara · 465 students
Grade 3 reading: 80% met the provincial standard · Grade 6 math: 48% met the provincial standard
- ÉÉC Saint-François-d'Assise0.7 km
French Catholic · CS catholique MonAvenir · 115 students
Grade 6 math: 29% met the provincial standard
- École élémentaire Franco-Niagara0.8 km
French public · CS Viamonde · 130 students
Grade 3 reading: 100% met the provincial standard · Grade 6 math: 42% met the provincial standard
Secondary
- Eastdale Secondary School0.8 km
Public · DSB Niagara · 455 students
Grade 10 literacy: 92% met the provincial standard
- École secondaire Franco-Niagara0.9 km
French public · CS Viamonde · 120 students
Grade 10 literacy: 100% met the provincial standard
- Notre Dame College School1.9 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
- $532,500
- Homes sold
- 761
- Median days on market
- 33
- Sale-to-list price
- 96.3%
Based on 761 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
$105,980
Estimated Monthly Payment
$2,603
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,603/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $132/mo
Estimates only. Consult a financial advisor.
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