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428 WALLACE AVENUE N, Welland (Welland Downtown), Ontario

$479,900

6 bed · 3 bath

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! (id:56426)

ALAIN RABY

Listed by COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE

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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

The neighbourhood

About the area

Census figures and the live market for the area this home sits in, matched from the property’s own location on the map.

Population
64,788
Median household income
$78,968
Median home value
$519,183
Owner-occupied
71%
Homes for sale
708
Median list price
$578,500

Source: Statistics Canada 2021, LiveBy

Map of Welland - Pelham
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Karen McGuffin
Residential Realtor

Karen McGuffin

(519) 216-1956
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