311 Wallace Avenue Unit #Lower, Welland, ON
L3B 1R8
Listed November 6, 2026
About this property
Spacious and beautifully maintained 2 bedroom Plus Den lower-level apartment featuring 2 bathrooms. Super clean and nicely updated, this inviting unit offers a bright, functional layout with new luxury vinyl plank flooring and an updated kitchen with stylish quartz counter tops. This generously sized space provides ample room for comfortable living throughout the unit with 2 large bedrooms, Den and almost impossible to find 2 bathrooms! Exterior storage shed plus the convenience of the in-suite laundry add to the appeal. Situated in a mature, quiet and established neighbourhood conveniently located just minutes from local shops, Niagara College and Hwy 406 access. Standard leasing requirements apply, including a rental application, proof of income/employment, 3 month's bank statements, credit check, references and first & last month's rental deposit. ***Please note - Tenant is responsible for 40% of utility costs in addition to the monthly rent*** plus their share of lawn care and snow removal
Features
Property Details
Listing
Property
Location
Taxes & Financials
Carrying Costs Calculator
What it could cost each month to rent 311 Wallace Avenue Unit #Lower — rent, utilities, tenant insurance, internet and parking — plus the cash you’ll need to move in. Change any number to match your situation.
Rent
From the listing.
Utilities
The listing says you pay 40% of the bills.
The listing says you pay 40% of the bills.
The listing says you pay 40% of the bills.
Many Ontario homes rent their water heater — add it if the landlord passes it on.
Other monthly costs
Typical in Ontario — many landlords require it.
A typical plan in the area.
Add it if parking costs extra.
Coin laundry, a storage locker or other regular costs.
Moving in
Refundable when you return the keys — ask the landlord for the amount.
A typical local move with movers — less if friends help.
Account opening and installation fees.
Estimated monthly carrying cost
$1,937/mo
About $23,244 a year
- Rent$1,700
- $132
- Tenant insurance$30
- Internet$75
Cash needed to move in
- First month's rent
- $1,700
- Last month's rent deposit
- $1,700
- Key / fob depositRefundable
- $100
- Moving & set-upEstimate
- $1,400
- Total
- $4,900
Your first 12 months
- Rent and monthly costs12 months
- $23,244
- Moving & set-up
- $1,400
- Total
- $24,644
Deposits aren’t an extra cost: the last-month deposit pays your final month and the key deposit comes back when you return the keys.
Planning ahead
- Household income to keep rent + utilities at 30%CMHC's affordability guideline — landlords often use a similar test
- $74,000/yr
- Highest rent at your first renewalOntario's 2027 guideline (1.9%), once a year with 90 days' written notice. Units first lived in after November 15, 2018 aren't capped.
- $1,732/mo
Estimates only — not legal or financial advice. Deposits and rent increases follow Ontario’s Residential Tenancies Act; utilities, insurance, internet and moving costs are typical figures for the area. Confirm what the rent includes with the landlord before you sign.
Location & Walkability
311 Wallace Avenue Unit #Lower, Welland, ON
Map data © GoogleOpen in Google Maps ↗
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Last Updated: November 6, 2026
Listing Office: COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGE
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