Why pay rent when you can own your own home with a fenced in yard and a parking space right out front? This simple and cute little 2 bedroom home is available for immediate occupancy...meaning you can give your landlord notice now and move in before the snow flies! All you need in a home without having to share walls with anyone else. A spacious living room, 2 decent sized bedrooms, an updated kitchen, 4 pc bathroom and even laundry in the back entryway. The backyard is fully fenced with an oversized shed, great for secure storage, and a fully fenced yard. The kitchen was renovated in 2025 along with the entire home freshly painted. Gas wall heater is great for the home, but bedrooms have supplemental wall heaters for the extra cold nights. Appliances are all included (as-is) Close to schools, shopping, 406 access and public transit.
2 bedrooms, 1 bathroom, about 700 sq ft, works out to roughly $418 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 15 Wallace Ave S
Every detail from the listing, in one place.
Type
Detached
Style
Bungalow
Living space
< 700 sq ftas stated on the listing
Parking
1 space
Basement
Crawl Space
Features & systems
Parking & garage
Parking spaces
1
Interior
Basement
Crawl Space
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
Bungalow
Property class
Detached
15 Wallace Ave S Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X14126800$292,500
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 15 Wallace Ave S Compares to the Welland Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$1,437
/mo
based on the purchase price of $292,500
$58,500 cash
$234,000 financed
$197,089 total interest
Principal54%$234,000
Interest46%$197,089
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. 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 Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Welland
Other 1–5 bed homes for sale in Welland around $293K.
Average days on market43Homes sold in about 43 days on average.
Sale-to-list ratio96.5%On average, homes sold below asking.
Active listings451Homes for sale here right now.
Median vs prior 90 days−2.0%Compared with May 2 – Jul 31, 2026: prices down.
Based on 274 sales from Jul 31 – Oct 29, 2026 (241 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 15 Wallace Ave S
How much is 15 Wallace Ave S listed for?
15 Wallace Ave S is listed at $292,500 (MLS® X14126800). Summitly updates the price as soon as the MLS® record changes.
Is $292,500 a good price for 15 Wallace Ave S?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Welland. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 15 Wallace Ave S changed?
No — 15 Wallace Ave S is still listed at its original asking price of $292,500.
How many bedrooms and bathrooms does 15 Wallace Ave S have?
15 Wallace Ave S has 2 bedrooms and 1 bathroom, with about 700 square feet of living space. It is a detached home in Welland.
How much would the monthly mortgage be on 15 Wallace Ave S?
About $1,437 a month — principal and interest on $292,500 with 20% down ($58,500), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 15 Wallace Ave S compare with other homes in Welland?
Its asking price of $292,500 is about 45% below the median sold price in Welland over the last 90 days, $533,750, across 274 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 15 Wallace Ave S been sold before?
Summitly has no earlier MLS® sale or lease of 15 Wallace Ave S on record from the last two years. Older records aren't shown under TRREB rules.
Where is 15 Wallace Ave S?
15 Wallace Ave S is in Welland, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 15 Wallace Ave S been on the market?
1 day — 15 Wallace Ave S was listed on October 28, 2026.
What is the price per square foot of 15 Wallace Ave S?
About $418 per square foot: the asking price of $292,500 over the 700 sq ft the listing gives.
Does 15 Wallace Ave S have parking or a garage?
Yes — the listing gives 1 parking space.
Does 15 Wallace Ave S have a basement, and is it finished?
The listing describes the basement as: Crawl Space.
