196 Ross Street

Welland, ON

4 bath • 2,220 sqft • Investment • 198 days on market

$699,900

Welcome To An Excellent Investment Opportunity In The Heart Of Welland! This Solid Fourplex Is A Rare Find For Savvy Investors Looking To Add A Multi-Unit Property To Their Portfolio. Over +$72k in annual income, cashflow machine! Featuring Separate Hydro Meters For Each Unit Plus A House Meter, This Property Offers Added Convenience And Long-Term Cost Efficiency. This Multi-Unit Property Is Zoned Residential Medium Density (RM), Allowing For Excellent Flexibility And Future Potential. Mechanically updated w/ breaker panel, vinyl windows and boiler! Ideally Located On Ross Street In A Mature, Central Neighbourhood, This Property Is Close To Public Transit, Schools, Parks, Shopping, And Everyday Amenities. Minutes To Downtown Welland, The Welland Canal, Niagara College, And Easy Access To Major Roads Connecting You To Niagara Falls, St. Catharines, And Hwy 406. With Strong Rental Demand In The Area And A Growing Community, This Fourplex Presents An Excellent Opportunity For Steady Cash Flow And Future Appreciation. A Smart Addition To Any Investment Portfolio In One Of Niagara's Up And-Coming Markets.

Listing Details

Taxes (2025): $3,993
Listed: February 5, 2026

Price History

Listing history

Property

Lot Size: 39.54 x 134 Feet

Location & Legal

Cross Street: East Main St & Niagara St
Zoning: G1, RM
Parcel Number: 644220110
Possession: 30-59 days

Commercial

Occupancy: Tenant

Included

Inclusions: See Schedule C

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

Commercial in Welland · last 12 months

Median sold price: $535,000
Homes sold: 767
Median days on market: 33
Sale-to-list price: 96.3%

Based on 767 recorded sales of commercial properties in Welland over the last 12 months.

Listed by

ROYAL LEPAGE SIGNATURE REALTY

Location

Commercial figures

Building area: 2,220 sq ft
Price per sq ft: $315.27
Annual property tax: $3,993
Tax per sq ft: $1.80

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

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