428 Wallace Avenue N, Welland
RARE OPPORTUNITY WITH ENDLESS POSSIBILITIES! Welcome to 428 Wallace Avenue North in Welland, a unique property offering residential rental income along with a substantial commercial-style shop space. Featuring approximately 4,500 sq. ft. of combined space, the property includes a detached home of approximately 1,400 sq. ft. and a separate building offering approximately 2,926 sq. ft. across the main-floor shop and upper-level residential apartment. Both the home and apartment are currently tenanted, providing existing rental income, while the shop is owner-occupied and offers excellent space for a business, workshop, storage or personal use. Whether you're an investor looking to expand your portfolio, a business owner wanting to operate from your own property while collecting rental income, or someone exploring future redevelopment or additional residential units, this property offers plenty of potential. A unique opportunity with multiple income streams and possibilities, all in one location! (id:1945)
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Property details for 428 Wallace Avenue N, Welland
- Type
- Multi-family
- Bedrooms
- 6
- Bathrooms
- 3
- Lot Size
- 60 x 101.8 FT
- Stories
- 2
- Basement
- Unfinished, Full
- Parking
- Detached Garage, Garage
- Heating
- Forced air, Natural gas
- Cooling
- Central air conditioning
- Exterior
- Stucco
- Annual Taxes
- $4,507 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 428 Wallace Avenue N
Active Listings
3
Min Price
$479,900
Max Price
$629,900
Avg Price
$579,900
Days on Market
6
days
Sold Listings
0
Min Sold Price
$N/A
Max Sold Price
$N/A
Avg Sold Price
$N/A
Days until Sold
N/A
days
Neighbourhood Census Data
Welland, Ontario
Population
524
Median Age
36.5
Median Income
$25,515
Dwelling Value
$159,966
Housing Tenure
Owners 50%
Renters 50%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.5
Pop. Density: 2,303.3/km²
Avg Shelter Cost: $953/mo
Owners with Mortgage: 75%
Owners Spending 30%+: 35%
Tenants Spending 30%+: 57.9%
English only: 79.8%
English and French: 20.2%
Median Household Income: $50,304
Median Employment Income: $24,160
Price History
Listed
October 9, 2026
by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
Current Price
$479,900
Type
Multi-family
For Sale