428 Wallace Ave N is a 6-bedroom, 2-bathroom duplex in Welland, listed for $479,900. It has 2500-3000 sq ft of living space.
1Rare opportunity with endless possibilities!
2Welcome to 428 Wallace Avenue North in Welland, a unique property offering residential rental income along with a substantial commercial-style shop space.
3Both 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.
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!
6 bedrooms, 2 bathrooms, about 2,500 sq ft, works out to roughly $192 per square foot. Chat with Zara if you'd like a deeper read on whether this duplex fits your budget and timing.Ask Zara a follow-up
Inside 428 Wallace Ave N
Every detail from the listing, in one place.
Type
Duplex
Style
2-Storey
Living space
2500-3000 sq ftas stated on the listing
Parking
8 spacesYes garage
Basement
Full, Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
8
Interior
Basement
Full · Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Duplex
428 Wallace Ave N Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13883436$479,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 428 Wallace Ave N Compares to the Welland Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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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
$2,358
/mo
based on the purchase price of $479,900
$95,980 cash
$383,920 financed
$323,361 total interest
Principal54%$383,920
Interest46%$323,361
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 6-bed homes for sale in Welland around $480K.
Average days on market44Homes sold in about 44 days on average.
Sale-to-list ratio96.3%On average, homes sold below asking.
Active listings464Homes for sale here right now.
Median vs prior 90 days−0.6%Compared with Apr 13 – Jul 12, 2026: prices down.
Based on 278 sales from Jul 12 – Oct 10, 2026 (215 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 428 Wallace Ave N
How much is 428 Wallace Ave N listed for?
428 Wallace Ave N is listed at $479,900 (MLS® X13883436). Summitly updates the price as soon as the MLS® record changes.
Is $479,900 a good price for 428 Wallace Ave N?
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 428 Wallace Ave N changed?
No — 428 Wallace Ave N is still listed at its original asking price of $479,900.
How many bedrooms and bathrooms does 428 Wallace Ave N have?
428 Wallace Ave N has 6 bedrooms and 2 bathrooms, with about 2,500–3,000 square feet of living space. It is a duplex in Welland.
How much would the monthly mortgage be on 428 Wallace Ave N?
About $2,358 a month — principal and interest on $479,900 with 20% down ($95,980), 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 428 Wallace Ave N compare with other homes in Welland?
Its asking price of $479,900 is about 10% below the median sold price in Welland over the last 90 days, $536,013, across 278 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 428 Wallace Ave N been sold before?
Summitly has no earlier MLS® sale or lease of 428 Wallace Ave N on record from the last two years. Older records aren't shown under TRREB rules.
Where is 428 Wallace Ave N?
428 Wallace Ave N is in Welland, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 428 Wallace Ave N been on the market?
1 day — 428 Wallace Ave N was listed on October 9, 2026.
What is the price per square foot of 428 Wallace Ave N?
About $160 to $192 per square foot: the asking price of $479,900 over the 2,500–3,000 sq ft the listing gives as its size range.
Does 428 Wallace Ave N have parking or a garage?
Yes — the listing gives 8 parking spaces. Garage: Yes.
Does 428 Wallace Ave N have a basement, and is it finished?
The listing describes the basement as: Full, Unfinished.
