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428 Wallace Avenue

768 - Welland Downtown / Welland, ON L3B 1R2

ActiveFor Sale
6 Beds
3 Baths
2,500 Sq Ft
Multi-Family

About This Property

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!

Property Details

StatusActive
Property TypeMulti-Family
Listing TypeFor Sale
Interior Size2,500 sq ft
Bedrooms6
Bathrooms3
Taxes (2025)$4,507
Postal CodeL3B 1R2
Last UpdatedOct 28, 2026 · 11:38 a.m.

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Features & Amenities

  • Air Conditioning
  • Basement

Buying or selling in Welland?

Filipe & Isabel Ferreira and the Team Filipe (RE/MAX Ultimate Realty Inc., Brokerage) represent buyers and sellers here. Local guides and live listings below.

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TRREB MLS® Attribution

MLS® X13883436

Listed by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.

$479,900

asking price

MLS®X13883436
TypeMulti-Family
CityWelland
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Team Filipe · RE/MAX · (647) 210-6070

Mortgage Estimate

Est. Monthly Payment

$2,343

/month · $383,920 mortgage

Down Payment20% — $95,980
Interest Rate5.5%

Amortization

Total Interest

$319,104

Total Cost

$703,024

Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.

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Listed By

COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE