256 LINCOLN Street
Welland, Ontario
- Multi-family
A turnkey, income generating property in the heart of Welland. This exceptionally well maintained, 5-unit residential apartment building sits in a highly desirable central location, offering strong rental appeal and long-term value, with significant recent capital improvements including a new hot water heating system (2024), newer vinyl thermo windows 2018, and with on-site laundry for all tenants. Most units feature updated flooring and fresh paint, while the exterior stucco 2021 is in excellent condition reflecting the pride of ownership. Tenants benefit from an unbeatable location within walking distance to a major shopping plaza on Lincoln St., two elementary schools, the scenic Welland Canal walking and cycling paths, and vibrant downtown amenities. This property is also serviced by the Niagara Region wide bus route, making it attractive to a broad tenant base. Additional highlights include separate hydro meters, on site parking, and a double car garage at the rear of the property with the potential to generate an additional $1,200 annually by renting out half the garage space. Currently tenanted by quality, reliable residents, this solid and centrally located multi-unit investment asset represents a rare find in one of Niagara's growing communities.
Price History
Schools
Elementary
- Plymouth Public School0.2 km
Public · DSB Niagara · 460 students
Grade 3 reading: 97% met the provincial standard · Grade 6 math: 100% met the provincial standard
- St Mary Catholic Elementary School0.4 km
Catholic · Niagara CDSB · 205 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 50% met the provincial standard
- École élémentaire Franco-Niagara1 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 School1.7 km
Public · DSB Niagara · 455 students
Grade 10 literacy: 92% met the provincial standard
- École secondaire Franco-Niagara1.8 km
French public · CS Viamonde · 120 students
Grade 10 literacy: 100% met the provincial standard
- Notre Dame College School1.8 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
- 756
- Median days on market
- 33
- Sale-to-list price
- 96.3%
Based on 756 recorded sales of multi-family properties in Welland over the last 12 months.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$219,980
Estimated Monthly Payment
$5,403
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $5,403/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $275/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?