$1,450,000
( $483.33Per Sq Foot )
 $7,784 est/mo Sourced by Back At You

240-242 East Main Street,Welland, ON L3B 3W9

Welland, ON L3B 3W9

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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.

Details

MLS #X13639556
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site19
Listing Provided ByCENTURY 21 PEOPLE`S CHOICE REALTY INC. | X13639556 059504

Features

Bed(s)3
SQ Feet3,000
Acreage0.07

Interior

CoolingNo
Heat SourceGas

Utilities

UtilitiesNone

Taxes

Tax Annual Amount4629
Tax TypeAnnual
Tax Legal DescriptionPT LT 8, PL 553 N/S EAST MAIN ST, PT 2, 59R13888 CITY OF WELLAND
Tax Year2025

Area Information

ProvinceON
CountyNiagara
CityWelland
Postal CodeL3B 3W9
Area768 Welland Downtown
Listing VS Median (in L3B 3W9)
Price:
$1,450,000
low | high
Med:
$300,925
100% of Average
sqft:
3,000
low | high
Med:
2,052
81.616666666667% of Average
$ / sqft:
$483
low | high
Med:
$131
100% of Average
On site:
19
low | high
Med:
127.5
14.901960784314% of Average
Sourced by Back At You

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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.

Contact

Learn More About This Property

Priya Ramnarine

Priya Ramnarine

Coldwell Banker The Real Estate Centre

 (647) 272-7279priya.ramnarine@wearetrec.com
ProvinceON
CountyNiagara
CityWelland
Postal CodeL3B 3W9
Area768 Welland Downtown
Listing VS Median (in L3B 3W9)
Price:
$1,450,000
low | high
Med:
$300,925
100% of Average
sqft:
3,000
low | high
Med:
2,052
81.616666666667% of Average
$ / sqft:
$483
low | high
Med:
$131
100% of Average
On site:
19
low | high
Med:
127.5
14.901960784314% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.87M - $1.812M
sqft: 2,000 - 3,500
Nearby Listings Property ImageNearby Listings Details
256 East Main Street Property Photo 1
$599,000
256 East Main Street
Welland, ON L3B 3W9
196 East Main Street Property Photo 1
$599,900
196 East Main Street
Welland, ON L3B 3W8
Listing Updated: August 5, 2026 at 10:34:05 AM PDT

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Priya Ramnarine

3485B Kingston Road
Toronto, Ontario M1M 1R4
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MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Toronto Real Estate Board.
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.
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