Address
240-242 East Main Street, Welland, ON
Price
$ 1,399,000

Your Agent

Monique Mackay

Sales Representative

647-800-1779


Listing provided by Monique Mackay, Sales Representative, REMAX West Realty Inc

Property Attributes
  • MLS#X13639556
  • TypeCommercial
  • Listing Status Price Change
  • CityWelland
  • Area768 - Welland Downtown
  • Neighbourhood768 - Welland Downtown
  • Postal CodeL3B 3W9
  • StyleApts - 6 To 12 Units
  • Taxes$ 4629
  • Price$ 1,399,000
  • Bedrooms3
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3000
Data Source:
Toronto Real Estate Board (TRREB)
Property Description

242 East Main Street, Welland - 7-Unit Residential Income Property. Exceptional investor opportunity in the heart of Welland. This income property offers 7 self-contained residential units, ideally positioned for a buyer looking to build or expand their Niagara portfolio. Property generates over $75K net income/year. The unit mix provides strong versatility and broad tenant appeal: 4 x 2-bedroom, 1 x 1-bedroom, and 2 studio suites - catering to singles, couples, and small families alike. Located in Welland, Ontario, a growing rental market with consistent tenant demand driven by Niagara College, healthcare, and manufacturing employment. Easy access to Highway 406 and the broader Niagara Region makes this an attractive option for a wide range of renters.

Price History
8/5/2026 Listed $1,450,000
9/4/2026 4$1,399,000

General Features

Cooling No
Utilities None
Heater Type Gas Forced Air Closed
Property Subtype Investment
Tax Year 2025
Lot Depth 100.67
Business Type Apts - 6 To 12 Units
County Niagara
New Construction No
Property Type Commercial
Attached Garage No
Garage Y/N No
Status Price Change
City Welland
Senior Community Y/N No
Lot Size Units Feet
Property Attached Y/N Yes
Tax Annual Amount 4629.0
Building Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Legal Description PT LT 8,PL 553 N/S EAST MAIN ST,PT 2,59R13888 CITY OF WELLAND

Interior Features

Heat Source Gas
Basement (Y/N) Yes
Air Conditioning Y/N Yes
Heating Y/N Yes
Fireplace Y/N No
Total Bedrooms 3
Elevator? No
Bedrooms 3

Exterior Features

Garage Type None
Spa No
Building Area Total 3000.0
Waterfront Y/N No

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in L3B 3W9

Price
AVG $1,000K
$1.4M
Taxes
AVG $5,265
$4,629
Visits
AVG 105
19
Data Provided by Inside Real Estate®

Your Agent

Monique Mackay

Sales Representative

647-800-1779


Listing provided by Monique Mackay, Sales Representative, REMAX West Realty Inc

Listed By
CENTURY 21 PEOPLE`S CHOICE REALTY INC.

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