462 EAST MAIN Street
Welland, Ontario
6 bed • 2 bath • Multi-family
Excellent addition to your investment portfolio! Located at 462 East Main St, this updated duplex features two massive 3-bedroom units with separate hydro meters, fully renovated kitchens, and updated exterior siding. While functioning as a fantastic, low-maintenance income property today, the strategic location and CC2 (Community Commercial Corridor) zoning offer incredible long-term land value and development potential. Perfectly positioned near major shopping, downtown amenities, and immediate highway access. A rare find that blends immediate cash flow with future upside! Potential to have this property as a part of a larger parcel (adjoining 2 lots available for sale as well). Proposed 8-storey, 28 unit building. Pre-construction meeting completed. NOTE FINANCIAL SUMMARY / PROJECTIONS ARE IN ATTACHEMENTS. Due to recent severance of lots, a current ARN is not available and legal description may change upon reference plan review.
Price History
Schools
Elementary
- St Andrew Catholic Elementary School0.8 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 School1 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-Niagara1.1 km
French public · CS Viamonde · 50 students
Secondary
- École secondaire Franco-Niagara1.1 km
French public · CS Viamonde · 120 students
Grade 10 literacy: 100% met the provincial standard
- Notre Dame College School1.1 km
Catholic · Niagara CDSB · 1130 students
Grade 10 literacy: 85% met the provincial standard
- Eastdale Secondary School1.2 km
Public · DSB Niagara · 455 students
Grade 10 literacy: 92% 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
- 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
$94,980
Estimated Monthly Payment
$2,333
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,333/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $119/mo
Estimates only. Consult a financial advisor.
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