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$ 599,000
Est. payment /mo
New
233 King ST Welland, ON L3B 3J6
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision 768 - Welland Downtown
MLS Listing ID X13441458
Style 2-Storey
Bedrooms 6
Annual Tax Amount $4,636
Tax Year 2025
Property Sub-Type Detached
Property Description
Exceptional Mixed-Use Investment Opportunity in the Heart of Downtown Welland! Situated on a high-exposure lot with prime frontage on King Street, this legal triplex offers outstanding income potential and future redevelopment flexibility. Zoned DMC (Downtown Mixed Use Centre) and RM (Residential Multiple), the property is ideal for investors, business owners, or those seeking a live/work opportunity.Currently configured as a fully tenanted legal triplex featuring one 3-bedroom unit, one 2-bedroom unit, and one 1-bedroom unit, the property generates immediate rental income with additional upside, as existing rents are below current market value. A detached 3-car garage provides endless possibilities and could be converted into commercial space, a workshop, storage, or enhanced amenities for tenants.Positioned along bustling King Street with excellent visibility and strong pedestrian traffic, this location is perfectly suited for professional offices, retail uses, convenience stores, service businesses, and many other permitted commercial applications.Enjoy a unique setting just steps from the Welland River and scenic walking trails along the Welland Canal. Located in the heart of Downtown Welland, you're close to grocery stores, restaurants, amenities, and Niagara College's Welland Campus. Outdoor enthusiasts will appreciate being near one of the region's premier destinations for water sports and surfing.With some updating and TLC, this property presents tremendous value-add potential and the opportunity to significantly increase rental income and overall returns. A rare chance to own a versatile mixed-use property in one of Welland's growing downtown corridors. Pictures are virtually staged
Location
Province ON
County Niagara
Area Niagara
Body of Water Welland Canal
Rooms
Family Room No
Basement None
Kitchen 3
Interior
Interior Features In-Law Capability, Separate Hydro Meter
Cooling Window Unit(s)
Fireplace Yes
Heat Source Gas
Exterior
Garage Spaces 3.0
Pool None
Waterfront Description Indirect
Roof Type Asphalt Shingle
Lot Frontage 33.11
Lot Depth 99.25
Total Parking Spaces 6
Building
Building Age 100+
Unit Features Public Transit
Foundation Concrete Block
Others
ParcelsYN No
Listed by RE/MAX REAL ESTATE CENTRE INC.