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198 Welland Street, Port Colborne, ON L3K 5V8

3 baths · Commercial Retail
$1,390,000

Very well located at the Southwest corner of Clarence St and Welland St steps from the Welland Canal. The light Industrial zoned, 2-storey office building with 25 offices is ideal for a wide variety of uses, from professional offices and technical trades to light industrial and training facilities. Large Paved Parking area approximately 40 parking spaces and option for outside storage. Building measures approximately 7,435 Sq. Ft. with additional portable out back measuring 20 ft x 40 ft. The City is very supportive of improving the neighbourhood Cruise ship tourists (more than 70 scheduled stops per season). Many incentive programs for businesses. Excellent opportunity to invest in Niagara. Cruise ships stopping included Viking, Victory, Pearl Seas and Ponant.

MLS number
X13566308
Type
Commercial Retail
Status
Active
Bedrooms
—
Bathrooms
3
Postal code
L3K 5V8
Photos
14
Property tax
$13,595 / year
59days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 6 times.

Sale history is for registered usersSee what this address sold for and when, across all 6 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
DeWitt Carter Public School
DSB Niagara
Elementary557 m8.9 / 10
89% met the standard
Lakeshore Catholic High School
Niagara CDSB
Secondary1.2 km6.8 / 10
68% met the standard · 2 of 6 measures
Port Colborne High School
DSB Niagara
Secondary1.0 km7.9 / 10
79% met the standard · 2 of 6 measures
McKay Public School
DSB Niagara
Elementary1.1 km7.7 / 10
77% met the standard
Steele Street Public School
DSB Niagara
Elementary1.1 km8.5 / 10
85% met the standard
ÉÉC Saint-Joseph
CS catholique MonAvenir
Elementary1.3 km9.0 / 10
90% met the standard · 3 of 6 measures
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 477 people.

$46,000Median household income
55.6%Own their home
55.8%Detached houses
44.4Median age
7%Born outside Canada
8.2%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35260669 — the few blocks around this address, home to 477 people. It describes the area, not this property.

477Population
41.9Average age
2.2Household size
$67,500Average household income
$46,000Median household income
56%Own their home
44%Rent
0%Condominiums
7%Born outside Canada
8%University degree
$440,000Average home value
32%Low income
37%Never married
$5,000 to $9,9992%
$10,000 to $14,9992%
$15,000 to $19,9997%
$20,000 to $24,99915%
$25,000 to $29,9994%
$30,000 to $34,9994%
$35,000 to $39,9997%
$40,000 to $44,9994%
$45,000 to $49,9992%
$50,000 to $59,9999%
$60,000 to $69,9994%
$70,000 to $79,9997%
$80,000 to $89,9999%
$90,000 to $99,9994%
$100,000 and over11%
$100,000 to $124,9997%
$125,000 to $149,9992%

Percentages are of the 230 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$278,000 · minimum here is $114,000
$6,154.62per month
Borrowed before insurance$1,112,000
Total borrowed$1,112,000
Interest over 25 years at 4.5%$734,386

If you rented it out

-$7,287.54per month out of pocket
Rent$0.00
Everything it costs to hold$7,287.54
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX ABOUTOWNE REALTY CORP.. Listing data provided by the Toronto Regional Real Estate Board.