38 Wallace Avenue, Welland, ON

$389,000
MLS#:X12574472
2 beds
1 baths
700-1100 sqft
3.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 1 1/2 Storey detached located in the coveted neighborhood of 773 - Lincoln/Crowland. Expertly crafted featuring premium metal/steel siding construction, this residence presents an exceptional opportunity offered at $389,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 700-1100 sqft on a premium 30 x 100 ft lot
  • Features a unfinished, full, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

This updated 2-bedroom, 1.5-storey detached home offers modern finishes throughout, a cozy gas fireplace in the living room, a separate entrance, and a detached single-car garage. The private fenced backyard provides a great space to relax or spend time outdoors. Located close to restaurants, grocery stores, and with quick access to Highway 406, this home is a convenient and comfortable place to live.

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Property Summary

This detached home located at 38 Wallace Avenue, Welland is currently for sale and has been available on SousaSells for 233 days. This property is listed at $389,000 with an estimated mortgage of $1,295* per month. It has 2 beds, 1 bathroom, and is 700-1100 square feet. 38 Wallace Avenue, Welland is in the 773 - Lincoln/Crowland neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 13, 2026
Sold price information is available to members only
Listed Date11/25/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style1 1/2 Storey
ConstructionMetal/Steel Siding
BasementUnfinished, Full, Separate Entrance
Lot Size30 × 100 Feet
CountyNiagara
Annual Tax$2,320
Legal DescriptionLT 598 PL 960 ; WELLAND

Parking & Garage

Parking Spaces3.0
Garage Spaces2
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Hospital, Library, Park, Place Of Worship, Public Transit

Interior Features

Central Vacuum

Security Features

Community Features

Location

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38 Wallace Avenue, Welland, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 38 Wallace Avenue S, Welland, ON L3B 1R5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Welland.

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Interest Rate4.00%
Down Payment$116,700 (30.0%)
* Minimum Canadian down payment required for this price is $19,450.
Amortization Period30 Years
Estimated Monthly Payment$1,295Based on a loan of $272,300 over 30 years.
Purchase Price$389,000
Loan Amount$272,300
Provincial Land Transfer Tax:$4,310
Total Estimated Closing Taxes:$4,310

About Purchasing a Home in Welland, ON

For a property listed at $389,000 in Welland, the legal minimum down payment is $19,450 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $4,310 for this transaction. As this listing is in Welland (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $4,310.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for 773 - Lincoln/Crowland, Welland.

Verified Local Data
City Population6,202,225
City Median Age39.6 Yrs
City Ownership65% Owners
Avg Area List Price$566,884

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
50%
Couples without children
24%
Other households
0%

Top Ethnic Origins

Chinese11%
English9%
Indian9%
Irish8%

Local Schools Guide

Elementary Schools

Saint-François-d'Assise
Public58 Empress Avenue, Welland, Ontario, L3B 1K9
5.6
Diamond Trail
Public315 Southworth Street, Welland, Ontario, L3B 1Z8
7.2
St Mary
Public120 Plymouth Road, Welland, Ontario, L3B 3C7
6.3
Princess Elizabeth
Public330 Camrose Avenue, Welland, Ontario, L3B 1P2
6.3
Plymouth
PublicPlymouth Road, Welland, Ontario, L3B 3C7
10.0

Secondary Schools

Eastdale
Public170 Wellington Street, Welland, Ontario, L3B 1B3
4.5
Notre Dame
Public64 Smith Street, Welland, Ontario, L3C 4H4
6.2

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.