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    For Sale - 233 King Street, Welland, Ontario

    Est payment $1,916/mo
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    Views   1
    Time on Jump  1 days

    AI Summary *

    • Mixed-use triplex with excellent income potential in prime downtown location.
    • Zoned for both residential and commercial uses, offering flexible opportunities.
    • Multiple rental units with below-market rents, great for investment growth.
    • Detached garage ideal for various uses, including storage or commercial space.
    • Close to amenities, walking trails, and water sports destinations for outdoor activities.




    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.
    Listing IDX13857712
    Address233 King Street
    CityWelland, Ontario
    Price$399,000
    Bed / Bath6 / 3 Full
    Style2-Storey, Detached
    ConstructionAluminum Siding
    TypeResidential
    StatusFor Sale

    Subtype DetachedIndoor Features In-Law Capability, Separate Hydro MeterAmenities Public TransitOwnership FreeholdWaterfront IndirectBasement NoneFoundation Concrete BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 6.00
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    Listing Brokerage: RE/MAX REAL ESTATE CENTRE INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    233 King Street
    Welland , Ontario
    6 3 $399,000
    Get more info