Tej Thakor Broker of Record / Owner 647-684-1731
For Sale
MLS®# X13639556

240-242 EAST MAIN Street, Welland, ON L3B 3W9

Welland, ON L3B 3W9

$1,399,000 Est. $5,942/mo · 20% down, 25-yr, 4.09% ↓ $51,000 (-3.5%)
3Beds
45 × 101 ftLot
InvestmentType

About this property

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.

Property Summary

Property TypeInvestment
Community Name768 - Welland Downtown
Land Size44.97 x 100.67
Age of Building51-99
Annual Property Taxes$4,629.00
Tax Year2025
Parking TypeNone Garage

Building details

Bedrooms3
Bathrooms / washrooms0
Property typeInvestment
Approximate age51-99

Lot & land

Lot dimensions44.97 x 100.67
Lot frontage45 ft
Lot depth101 ft

Building Features

StyleInvestment

Heating & Cooling

CoolingNo
Heating TypeGas Forced Air Closed
Heating SourceGas

Parking

Parking TypeNone Garage

Taxes & fees

Annual taxes$4,629 (2025)

Listing history

On market sinceAug 5, 2026
Original list price$1,450,000

Location

Welland, ON L3B 3W9
Listed by CENTURY 21 PEOPLE`S CHOICE REALTY INC., Brokerage · Listing data sourced from TRREB®, refreshed nightly.
Run your own mortgage numbers Open the full calculator — adjust down payment, term, and rate. Email yourself the estimate.
Open calculator →
The trademarks REALTOR®, REALTORS®, MLS®, Multiple Listing Service® and the associated logos are owned or controlled by The Canadian Real Estate Association (CREA). Used under licence. Information deemed reliable but not guaranteed. Tej Thakor is a Broker of Record at Royal LePage Terra Realty.
Call Tej Now 647-684-1731
240-242 EAST MAIN Street, Welland, ON L3B 3W9