240 Wallace Avenue S

If you’re on the lookout for a fantastic investment opportunity or perhaps a perfect family property, then look no further than this Multi-Family Home for sale in Welland ! Nestled at 240 Wallace Avenue S, Welland, this charming multiplex boasts an array of features that make it a standout choice in the Lincoln/Crowland community.

This 1 1/2 storey building, constructed with a combination of brick and vinyl siding, offers a generous living space with a total of 11 rooms, including four spacious bedrooms and three full bathrooms. With three kitchens at your disposal, you’ll have ample space for meal prep and entertaining. Whether you’re looking to accommodate a large family or seeking a lucrative rental opportunity, this Multi-Family Home for sale in Welland is designed to meet your needs.

The layout of the property is particularly appealing. The main floor features a bedroom, a laundry room that could easily be converted back into a second bedroom, and a beautifully updated kitchen and bathroom. The upstairs unit comprises another bedroom, providing a comfortable living space. Meanwhile, the basement is quite impressive, featuring a large kitchen and dining area, two additional bedrooms, and a separate entrance, making it perfect for privacy or as an in-law suite. The basement also includes its own laundry facilities and a spacious bathroom, ensuring convenience for all residents.

At 240 Wallace Avenue S, Welland, the property has been well-maintained over the years. The roof of the house was redone in 2018, while the garage roof was updated in 2022. The windows were installed in 2006, adding to the overall efficiency of the home. The upper unit has been freshly painted, and the basement bedrooms have also received a fresh coat, making this property move-in ready.

For those who appreciate outdoor space, the lot measures 45 X 100 feet, providing a decent area for outdoor activities or gardening. Although there’s no pool, the property does come with a detached 1.5 car garage that has electricity and heating, plus a large attached shed for additional storage. The private double driveway offers parking for up to four vehicles, making it convenient for both residents and guests.

Another highlight of this Multi-Family Home for sale in Welland is its prime location. Situated conveniently close to the 406, you’ll find yourself just a stone’s throw away from shopping centres, schools, and Niagara College. This accessibility makes it an ideal choice for families and students alike, ensuring that everything you need is within easy reach.

The property is connected to municipal water and sewers, and it features central air conditioning, ensuring comfort throughout the warmer months. However, it’s worth noting that there is no central vacuum system or family room, but the spacious layout compensates for these minor omissions.

In summary, if you’re in the market for a Multi-Family Home for sale in Welland, 240 Wallace Avenue S, Welland, is an exceptional option. With its versatile layout, ample amenities, and prime location, this property is perfect for those seeking a family home or a savvy investment opportunity. Don’t miss out on the chance to make this remarkable property your own! Whether you’re looking to rent it out or move in with your family, this house has everything you need to create a comfortable and inviting living space.

The Lincoln/Crowland area of Welland is a charming and inviting neighbourhood that offers a blend of suburban tranquillity and convenient access to urban amenities. Nestled amidst picturesque parks and green spaces, it boasts a family-friendly atmosphere with well-maintained homes and a strong sense of community spirit. Residents enjoy proximity to local shops, schools, and recreational facilities, making it an ideal location for families and individuals alike. With its easy access to major roads and public transport, Lincoln/Crowland provides a perfect balance of peaceful living and connectivity to the vibrant life of Welland and beyond.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Princess Elizabeth Public School, just 0.5 km away, offering French language instruction for grades 1 to 8, with a solid school rating of 6.9. Plymouth Public School, another elementary option, is located 1.2 km from the property, providing English instruction for grades JK to 8 and has a rating of 6.8. For secondary education, Eastdale Secondary School is a mere 0.8 km away, catering to grades 9 to 12, though it has a lower rating of 4. Additionally, St. Andrew Catholic Elementary School, located 0.6 km away, offers an English curriculum for grades K to 8 with a rating of 5.9, while Notre Dame College School, 1.7 km from the property, provides Catholic secondary education with a rating of 6. Overall, the area boasts a mix of public and Catholic schools, with various language options, ensuring that families have access to quality education within a short distance from home.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 437 residents and an average household size of 2.1. The average age of residents is 44.2 years, indicating a mature population. The average household income stands at $68,000, with 15.6% of the population classified as low-income. The average property price in the area is $365,000, making it relatively accessible for many buyers. Approximately 50.65% of the population is single, while 36% of households include children, suggesting a mix of family types. The community has a modest immigrant presence, accounting for 7.78% of residents. Renters comprise one-third of the population, with no condominiums available in the area. Educational attainment is noteworthy, with 39.29% of residents holding a college or university degree. However, a significant portion of the population, 46.43%, is not in the labor force, which may reflect various socio-economic factors. Overall, this area presents a diverse demographic landscape with a blend of families, singles, and educationally qualified individuals, making it an intriguing location for potential homebuyers or investors.