240-242 EAST MAIN Street, Welland, ON
L3B 3W9
Listed August 5, 2026
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.
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Taxes & Financials
Cost of Ownership Calculator
What it could cost each month to own 240-242 EAST MAIN Street — mortgage, property taxes, fees, insurance, utilities and upkeep. Change any number to match your situation.
Your mortgage
$279,800 · Minimum $279,800
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Monthly costs
From the listing (2025 tax bill).
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One-time costs
A typical estimate — your lawyer will confirm.
Estimated monthly cost of ownership
$6,574/mo
About $78,888 a year
- $6,188
- $386
Cash needed to close
- Down payment (20%)
- $279,800
- Ontario land transfer tax
- $24,455
- Legal fees, title insurance & inspectionEstimate
- $2,500
- Total
- $306,755
Estimates only — not a mortgage approval, quote or tax advice. Payments assume a fixed rate compounded semi-annually; minimum down payments, mortgage insurance and land transfer tax follow current CMHC and Ontario rules. Insurance, utilities and upkeep are typical figures for the area. Your lender, lawyer and insurer will confirm your exact costs.
Location & Walkability
240-242 EAST MAIN Street, Welland, ON
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Last Updated: August 5, 2026
Listing Office: CENTURY 21 PEOPLE`S CHOICE REALTY INC.
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