- Bedrooms
- 6
- Bathrooms
- 3
- Size
- 2,500–3,000sq ft
- Per sq ft
- $175at the range’s middle
- Lot
- 60 x 101.8 ft
- Tax a year
- $4,5072025 tax year
- Built
- 51-99
- Parking
- 82 detached
- Days on market
- Members
The brief
About 428 Wallace Ave
428 Wallace Ave is a 6-bedroom, 3-bathroom duplex in Welland Downtown, Welland, listed for sale at an asking price of $479,900 (MLS® X13883436).
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!
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even57/100−$66/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 5 homes with 6 bedrooms for lease in Welland right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,507 / 2025
- MLS® number
- X13883436
- Board
- TRREB MLS®
- Property Type
- Duplex
- Building Age
- 51-99
- Days on market
- Size
- 2500-3000 sqft
- Lot Size
- 60 x 101.8 ft
- Listed on
- Parking
- 2 Detached, 8 Parking
Property details
Property
- Property Type
- Duplex
- Style
- 2-Storey
- Community
- Welland Downtown
- Municipality
- Welland
Building
- Size
- 2500-3000 sqft
- Building Age
- 51-99
- Construction
- Stucco/Plaster
Inside
- Bedrooms
- 6
- Bathrooms
- 3
- Bathroom Details
- 1 × 3pc, 1 × 3pc, 1 × 2pc
- Basement Type
- Full
- Kitchens
- 2
Parking
- Driveway
- Pvt Double
- Garage Type
- Detached
- Garage
- 2
- Additional Parking
- 6
- Total Parking
- 8
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 60 ft
- Depth
- 101.8 ft
- Lot Size
- 60 x 101.8 ft
Additional
- Foundation
- Block, Concrete
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 428 Wallace Ave, Welland, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $479,900 | N/A | For Sale | X13883436 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $95,980
- Total mortgage amount
- $383,920
- Total interest payment
- $273,080
- Total purchase cost
- $752,980
- Mortgage payment
- $2,190/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
22%Monthly carrying cost
$2,566- Rent $2,500
- Shortfall $66
Rental income opens at $2,500, the median asking rent of 5 comparable homes for lease in Welland. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $6,073
- Total land transfer tax
- $6,073
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $2,073
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $479,900
- $1,598
- Ontario total
- $6,073
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 6,108 sq ft567 m²
- Street frontage
- 60 ft18.3 m
- Depth
- 101.8 ft31 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m6 test or monitoring holes also recorded.250 m
- 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.500 m
Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 6.8 km6.8 km
Province of Ontario open data
Around the home2
- Nearest rail line: 440 m440 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- 1 recorded oil, gas or salt well within 250 mFrom Ontario’s petroleum well records, which include old and plugged wells.250 m
- 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.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Welland Hydro-Electric System Corp.At the address
- 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.50 m
- 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.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Niagara Peninsula Conservation Authorityor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
The market
Multiplexes for sale in Welland Downtown right now
- For sale now
- 9
- Median asking price
- $480K
- New in 7 days
- 3
- Price cuts
- 33%
Middle half: $450K to $540K
4 in 28 days
3 listings
This home is asking at the median.
See all homes in Welland DowntownAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| St Andrew Catholic Elementary SchoolNiagara CDSB | Catholic · grades JK–8 | 600 m | 91%Grade 6 average |
| Princess Elizabeth Public SchoolDSB Niagara | Public · grades JK–8 · French Immersion | 1.1 km | 76%Grade 6 average |
| St Kevin Catholic Elementary SchoolNiagara CDSB | Catholic · grades JK–8 | 1.4 km | 96%Grade 6 average |
| ÉÉC Saint-François-d'AssiseConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 1.6 km | 62%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| École secondaire Franco-NiagaraConseil scolaire Viamonde | French-language public · grades 9–12 | 1 km | 48%Grade 9 math |
| Eastdale Secondary SchoolDSB Niagara | Public · grades 9–12 | 1.1 km | 43%Grade 9 math |
| Notre Dame College SchoolNiagara CDSB | Catholic · grades 9–12 · French Immersion | 1.2 km | 56%Grade 9 math |
| ÉSC Saint-Jean-de-BrébeufConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 1.8 km | 67%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in Welland Downtown are shown to signed-in members.