Room 1
Level not provided
428 Wallace Ave
Welland Downtown, Welland, Ontario L3B 1R2
Description
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!
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13883436
- Board
- TRREB MLS®
- Days on market
- Tax
- $4,507
- Size
- 2500-3000 sqft
- Lot
- 60 × 101.8 Feet
- Parking
- 2 Detached, 8 Parking
Listing History
Listing activity for 428 Wallace Ave, Welland, Ontario
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $479,900 | N/A | For Sale | X13883436 |
Property Details
Property
- Property Type
- Duplex
- Style
- 2-Storey
- Community
- Welland Downtown
- Municipality
- Welland
Inside
- Bedrooms
- 6
- Bathrooms
- 3
- Bathroom Detail
- 1, 3pc
- Bathroom Detail
- 1, 3pc
- Bathroom Detail
- 1, 2pc
- Basement Type
- Full
- Kitchens
- 2
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Building
- Size
- 2500-3000 sqft
- Construction
- Stucco/Plaster
Parking
- Driveway
- Pvt Double
- Garage Type
- Detached
- Garage
- 2
- Add. Parking
- 6
- Total Parking
- 8
Land
- Sewer
- Sewers
- Lot Size
- 60 × 101.8 Feet
- Lot Size Code
- Feet
Additional
- Year built
- 51-99
- Foundation
- Block, Concrete
- Roof
- Asphalt Shingle
- Fireplace
- N
- Pool
- None
- Den
- N
- Family room
- N
Rooms (12)
Room 2
Level not provided
Room 3
Level not provided
Room 4
Level not provided
Room 5
Level not provided
Room 6
Level not provided
Room 7
Level not provided
Room 8
Level not provided
Room 9
Level not provided
Room 10
Level not provided
Room 11
Level not provided
Room 12
Level not provided
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
14 records read 9 on record nearby 5 checked, none on recordRead 2026-10-28
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m6 test or monitoring holes also recorded.
- Groundwater recorded about 4.8 m below ground nearbyThe middle water level in the well records within 500 m (74 records). It changes with the season and from spot to spot.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 6.8 km
Province of Ontario open data
Around the home
- Nearest rail line: 440 m
- A trail on the Ontario trail network within 1 km
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- 1 recorded oil, gas or salt well within 250 mFrom Ontario’s petroleum well records, which include old and plugged wells.
- 4 facilities within 1 km report pollutant releases to Environment CanadaThe nearest is Canada Forgings Inc. — Closed Die Plant, 330 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Welland Hydro-Electric System Corp.
- Wired internet 50/10 Mbps or faster is listed at a household 50 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (50 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Cogeco Connexion, Niagara Regional Broadband Network. Cable: Cogeco Connexion. DSL: Bell. Fixed wireless: Bell, Last Mile Wireless Internet, NWIC, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$2,200
- Down payment$95,980
- Mortgage amount$383,920
- Total interest$276,080
- Total cost$755,980
Cash flow analysis
$2,200
Total monthly payment
$2,576
Break-even down payment
100%
Cash flow-$2,576
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
$479,900
$479,900
CAD
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