Description
Presenting a rare and compelling investment opportunity at 247 King Street in the heart of Welland, a well-positioned 4-plex offering three fully residential apartments and one versatile commercial unit, all situated on one of the city's most recognized and high-traffic corridors. The three residential apartments are each spacious two-bedroom, one-bathroom units, ideal for attracting long-term tenants such as young professionals, students, and families who are drawn to the convenience and energy of downtown Welland living. Loads of potential with this property with an unfinished basement space that can be renovated into a 5th unit with exceptional value-add potential, presenting a savvy investor with the opportunity to develop additional storage, utility, or future living space. A two-car garage currently configured as a functional workshop adds further flexibility to the property, whether retained for tenant use, leased separately, or repurposed to suit a new owner's vision. The commercial unit, presently operating as professional office space, rounds out this income-generating package with a steady and established presence, making the overall property a true mixed-use asset with four streams of potential revenue. Another option would be re-creating the commercial unit into residential living. Situated on King Street directly near Merritt Park and its multi-use amphitheatre , the property enjoys outstanding walkability and access to the local amenities that make downtown Welland so desirable including restaurants, banks, medical offices, and public transit stop just steps from the front door. Niagara College is within approximately five kilometres , ensuring consistent rental demand from students and college staff year round. Whether you are an experienced investor looking to expand your portfolio or a first-time buyer seeking a property with immediate income and long-term upside. (id:13843)
Details
| MLS # | 40835340 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 146 |
| Listing Provided By | Real Broker Ontario Ltd. | Eli Milenkoff |
Features
| SQ Feet | 4,200 |
|---|---|
| Garage | 6 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | DMC, RM |
Interior
| Heating | Natural gas |
|---|---|
| Fireplace Yes / No | No |
Exterior
| Lot Features | Paved driveway, Crushed stone driveway |
|---|---|
| Foundation Details | Block |
Parking
| Parking Features | Attached Garage, Open |
|---|---|
| Parking Total | 6 |
Utilities
| Sewer | Municipal sewage system |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 6773.47 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Welland |
| Postal Code | L3B3J9 |
| Community Name | 768 Welland Downtown |
| Listing VS Median (in 768 Welland Downtown) | |
Price: $749,900 low | high Med: $394,900 sqft: 4,200 low | high Med: 1,301 $ / sqft: $179 low | high Med: $304 On site: 146 low | high Med: 104 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Welland |
| Postal Code | L3B3J9 |
| Community Name | 768 Welland Downtown |
| Listing VS Median (in 768 Welland Downtown) | |
Price: $749,900 low | high Med: $394,900 sqft: 4,200 low | high Med: 1,301 $ / sqft: $179 low | high Med: $304 On site: 146 low | high Med: 104 | |
