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$479,900
Welland
428 Wallace Avenue North, Welland (Welland Downtown), Ontario, L3B1R2
This multi-family property in Welland is for sale offering roughly 2,750 sq ft of space. It has been on the market 25 days, fresher than the Welland average of 88 days.
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:66096)
Features and services as supplied by the listing brokerage.
Extended: 25 days on market, against an average age of 88 days across the listings currently for sale in this city
This 6-bed multi-family in Welland (Welland Downtown) has been listed for 25 days, which is 63 days fresher than the city average of 88. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $479,900, about 7.2× the local median household income of $66,500.
Carrying it typically needs a household income of about $93,741 (20% down, 25-yr amortization, stress-tested) — roughly 41% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3B)
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Loading rates, 30-yr amortization
Cash Needed to Close
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