233 King Street
768 - Welland Downtown, Welland, L3B 3J6
FOR SALE
$399,000
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6
BEDROOMS 3
BATHROOMS 3
KITCHENS 16
ROOMS X13857712
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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 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. Currently 2 and 3 bedroom units are tenanted but potentially can be vacated.
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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.
Welcome to this spacious 2.5-storey home in Downtown Welland, offering endless possibilities for investors, multi-generational families, or those looking to create a home tailored to their needs. Featuring multiple bedrooms, kitchens, generous living space, a third-floor loft, oversized bedrooms, and ample storage throughout. The detached garage adds additional value, while the basement offers potential for a walk-up entrance. Whether you're envisioning a rental opportunity, multi-generational living, or a large family home, this property offers the space and flexibility to make it your own. Please note: the home is currently packed with the owner's personal belongings. Buyers and agents are asked to exercise extra caution during showings
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Space, Potential & Possibilities in Welland! Discover the versatility of this spacious home. The upper-level accessory space provides excellent flexibility for multigenerational living, guests, or in-law. Featuring one + bedrooms, a four-piece bathroom, and a kitchen with a gas hookup, this separate living space offers added convenience and possibilities. On the main floor, you'll find a primary bedroom with ensuite privilege to a spacious three-piece bathroom, a second bedroom, and an additional bonus room ideal for a home office, den, or hobby space or third bedroom. A sunroom adds another inviting area to relax and enjoy seasonally. Outside, the backyard features a deck, creating a great setting for outdoor dining, entertaining, or simply unwinding in your own private space. Conveniently located within walking distance of the canal, schools, and local amenities, this property combines a desirable location with flexible living arrangements and exciting potential. Whether you're looking for room for extended family, additional income possibilities, or a home with space to grow, this Welland double lot property is worth exploring! This property awaits your touch!
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