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5 hours on Market

428 Wallace Ave, Welland, Ontario L3B 1R2

Townhouse
6
3
~2500-3000 sqft
$479,900
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Townhouse
6
3
~2500-3000 sqft

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Highlights

Property Estimate

Days on market5 hours

Estimated valueNot available

Price/Sqft$175/sqft

Monthly cost

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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!


Property Details

Style2-Storey
View-
Age of property51-99
SqFt~2500-3000 SqFt
Lot Size6,108 SqFt(101.8 x 60)
Parking Spaces8
MLS ®NumberX13883436
Community NameRural Welland / Cooks Mills
Data SourceTRREB
Listing byCOLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE

Features

Heating: Forced Air
Cooling: Central Air
Basement: Full, Unfinished

Features

Lot size: 6,108 SqFt

Parking

Garage spaces 2

Garage type Detached

Other parking spaces 6

Total parking spaces 8


Property History

Oct 10, 2026
ListedActive
$479,900
5 hours on market
history photo preview11
Listing by trreb®
Property listed by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE, Brokerage
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Market Data - Rural Welland / Cooks Mills

Geo Zone Map ThumbnailRural Welland / Cooks Mills

Seller's Market

View Market Data

Townhouse - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

35 days

Compared to

2025

45 days

2024

0 day

2023

0 day

New Listings

Past 30 days

3 listings

Compared to

2025

2 listings

2024

2 listings

2023

2 listings

Units sold

Past 30 days

2 units

Compared to

2025

1 unit

2024

0 unit

2023

0 unit

Median Sold Price

Past 30 days

$414,675

Compared to

2025

$645,000


Population and Demographics

Overview

Total population 5398
Average household income $107,965

Age (%)

0 to 19
18%
20 to 34
17%
35 to 49
16%
50 to 64
23%
65 and plus
25%

Household composition (%)

Single family
68%
Single person
28%
Multi person
4%
Multi family
0%

Mother tongue (%)

English
83%
French
8%
Others
4%
Italian
2%
English and French
2%

House tenancy (%)

Owners
79%
Renters
21%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget