The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). Data is deemed reliable but not guaranteed.
INVESTMENT & INDUSTRIAL DEVELOPMENT OPPORTUNITY! Rare 4+ acre property with sought-after GEC(Gateway Economic Centre) zoning under City of Welland Zoning By-law, offering exceptional future potential in a prime, high-demand location. Two fully renovated homes generate immediate rental income: a 3-bedroom (currently tenanted) plus a 2-bedroom, 1-bath, both on full city services. Tucked at the end of a quiet dead-end cul-de-sac, 2 minutes from major retailers and5 minutes to downtown, and directly abutting MTO/Highway 406 lands for outstanding access and exposure. Approximately half the land is cleared and usable; the wooded rear offers hardwoods, softwoods and evergreens, plus a natural pond. Flexible GEC zoning permits a wide range of commercial/industrial uses including light industrial, warehouse/public storage, trucking operation, parking lot (truck & vehicle parking), repair shops & services, custom workshop, contractor's establishment, heavy equipment sales/rental/service, commercial school, technology industry, research & development and many more (outside storage permitted as an accessory use).A turnkey income property with exceptional long-term upside, ideal for investors, developers and owner-operators. See attached zoning schedule for the full list of permitted uses. Don't miss this commercial/industrial land opportunity with existing residential cash flow!
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What’s NearbyDistances approximate
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Estimated Rental Income
Rental estimate coming soon
We’re not showing a number until we have a data source we trust. When it’s connected, this section will show:
A monthly rent range from nearby leased homes of the same type and size
The leased comparables behind it (signed-in, VOW-gated)
Gross yield at the current list price
Monthly Cost
A quick estimate to plan with. Taxes come from the listing; change the other inputs to match your situation.
Estimated monthly$3,376/mo
Mortgage (principal + interest)$2,993
Property taxFrom listing: $4,600/yr$383
Minimum $55,000 down for this price; the slider moves in whole percent, starting at 7%. Under 20% adds mortgage default insurance. Confirm with a lender.
Mortgage uses Canadian semi-annual compounding. Houses-Gate doesn’t offer financing.
Estimated Budget
About how much cash you’ll need on closing day, besides the mortgage.
Down payment20% of the list price$160,000
Ontario land transfer taxProvincial brackets, no first-time refund$12,475
Legal fees & disbursementsTypical range $1,800–$2,800$1,800
Home inspectionTypical range $500–$800$600
Title insuranceTypical range $300–$600$400
Cash needed at closingEstimate$175,275
First-time buyers can get up to $4,000 back on Ontario land transfer tax. Welland has no municipal land transfer tax (Toronto does).
Uses Ontario’s land transfer tax brackets and the down payment set in Monthly Cost. Legal, inspection and title-insurance figures are typical ranges, not quotes.
Listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The data is deemed reliable but is not guaranteed to be accurate. The trademarks MLS®, Multiple Listing Service®, and the associated logos are owned by the Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor HousesGate shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
