233 King Street
768 - Welland Downtown, Welland, L3B 3J6
FOR SALE
$599,000
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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
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Sold History
| List Date | Sold Date | Days Listed | List Price | Sold Price |
|---|---|---|---|---|
| 2022-08-08 | 2022-09-02 | 25 | $489,000 | $470,000 |
Property Features
Public Transit, In-Law Capability, Separate Hydro Meter
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Property Details
Address
233 King Street
Community
City
Postal Code
L3B 3J6
Property Type
Detached, Detached
Zoning
DMC, RM
Lot Size
33' x 99'
Taxes
$4,637 (2025
Basement
None
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
3
Garage Type
Detached
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Listing contracted with Re/Max Real Estate Centre Inc.
TURNKEY INCOME-GENERATING PROPERTY. Freshly painted 8-bedroom (total), 3-bath detach in high-demand North Welland, offering excellent rental potential and strong tenant demand. FACING Niagara College's biggest campus, transit stop directly across the street, and minutes to the Seaway Mall, YMCA, grocery stores, and Hwy 406. Attached garage plus ample driveway parking. Possibility to create two separate units (buyer to verify), making it ideal for even higher cash flow. An ideal opportunity to add a dependable, high-demand rental to your portfolio or step confidently into your first investment.
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Fantastic opportunity to own this 5 bedroom, 2 storey home! There are so many amazing features to this gem. The main floor features a large open concept family room combined with the kitchen with easy care laminate flooring.The kitchen offers an island with a cook top, built in range and plenty of cupboards and counter space. This area is full of possibilities, with this much space you can put your dinning area and a living area. There is a front living room offering a bit of privacy and a main floor bedroom with an attached office or use it as large closet. The laundryroom is on the main floor beside the 3 piece bathroom. Upstairs offers 4 bedrooms and a 4 piece bathroom. The primary bedroom was recently redone and is huge with a walk in closet and fabulous windows. Next door is a storage closet complete with laundry hook up and a sink. Outside, the roof, siding and windows have been updated and the driveway has parking for 4 vehicles.The garage was rebuilt in 2018. There is a small park at the end of the street and walking distance to schools, shopping and amenities.This home is truly move in ready and waiting for its next owner!
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