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240-242 EAST MAIN Street
768 - Welland Downtown Welland L3B 3W9

$1,450,000 /For Sale
Commercial

Main Photo: 240-242 EAST MAIN Street in Welland: 768 - Welland Downtown Commercial for sale : MLS®# X13639556
Photo 1: 240-242 EAST MAIN Street in Welland: 768 - Welland Downtown Commercial for sale : MLS®# X13639556
Photo 2: 240-242 EAST MAIN Street in Welland: 768 - Welland Downtown Commercial for sale : MLS®# X13639556
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13639556
Bus Major:
Apts - 6 To 12 Units
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 Type:
Commercial
Property Sub Type:
Investment
Property Attached:
Yes
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
3000 sq. ft. Square Feet
Total Area:
3,000 sq. ft.
Lot Depth:
100'8"
Lot Frontage:
45'
Lot Details:
44.97 x 100.67
Bedrooms:
3
Water supply:
Municipal
Kitchens:
0
Zoning:
DMC
Heating type:
Gas Forced Air Closed
Heating Fuel:
Gas
Garage:
None
Parking Spaces:
0
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$4,629 / 2025
Assessment:
$- / -
Niagara
Welland
768 - Welland Downtown
Utilities:
None
Air Conditioning:
No
Seller Property Info Statement:
No
Major Business Type:
Apts - 6 To 12 Units
Category:
Apartment
Date Listed:
Aug 05, 2026
Original Price:
Previous Price:
  • Photo 1: 240-242 EAST MAIN Street in Welland: 768 - Welland Downtown Commercial for sale : MLS®# X13639556
    Photo 1 of 2
  • Photo 2: 240-242 EAST MAIN Street in Welland: 768 - Welland Downtown Commercial for sale : MLS®# X13639556
    Photo 2 of 2
Listed by CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Data was last updated August 6, 2026 at 06:15 AM (UTC)
DARYL  KING
powered by myRealPage.com

Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

  • Multiple rental units generate consistent monthly income
  • Economies of scale make property management more efficient
  • Opportunity to increase property value through renovations and upgrades
  • High demand for rental housing in urban and suburban markets

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When evaluating apartment buildings for sale, consider:

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  • Location and proximity to transit, schools, and employment hubs
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  • Current rental income and future appreciation potential

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Whether you’re looking for small multi-family units or larger residential complexes, we offer a wide selection of apartment buildings for sale to match your investment goals. Let us help you find a property that offers steady income and long-term value.

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.