428 Wallace Avenue N,Welland, ON L3B 1R2
Welland, ON 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!
Details
| MLS # | X13883436 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 33 |
| Listing Provided By | COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE | X13883436 449201 |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 |
| Garage | 2 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.14 |
Interior
| Interior Features | Other |
|---|---|
| Cooling | Central Air |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Block, Concrete |
| Construction Materials | Stucco (Plaster) |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Private Double |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 4507 |
|---|---|
| Tax Assessed Value | 237000 |
| Tax Legal Description | LTS 136 & 137 PL 945 ; WELLAND |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 1R2 |
| Area | 768 Welland Downtown |
| Listing VS Median (in L3B 1R2) | |
Price: $479,900 low | high Med: $0 On site: 33 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Niagara |
| City | Welland |
| Postal Code | L3B 1R2 |
| Area | 768 Welland Downtown |
| Listing VS Median (in L3B 1R2) | |
Price: $479,900 low | high Med: $0 On site: 33 low | high Med: | |
