For Sale - 577 King Street, Welland, Ontario

Est payment $2,401/mo
Views   1
Time on Jump  1 days
  • Flexible property suitable for both commercial and residential uses.
  • Prime location near hospitals and highway access for convenience.
  • Updated interior with modern kitchen and renovated bathrooms.
  • Three separate entrances allow for easy multi-unit conversion.
  • High potential rental income in a growing area with new developments.



Investment opportunity in the heart of the rose city! 577 king street offers a premier blend of high-exposure commercial potential and residential versatility, perfect for investors or business owners looking to live and work on-site. This strategically located property sits on a main transit artery just a 5-minute walk from the hospital and 7 minutes from highway access. The interior has been extensively updated with new flooring, fresh paint, renovated bathrooms, and a modern kitchen featuring a new fridge and air-fryer-equipped stove. Thoughtfully designed with accessibility in mind, the front entrance can be easily modified for wheelchair access. The building's layout is a standout feature, offering three separate entrances that provide a seamless path to converting the property into a duplex or triplex. With a projected rental income of $1,400 per 1-bedroom unit, plus an additional $200/month for the detached garage/workshop (complete with cement floors and electricity), this property boasts a potential gross monthly income of $4,400. Set in a high-growth area surrounded by new developments, this versatile gem offers endless possibilities. Note: multi-unit conversion is subject to municipal approval; buyers to conduct their own due diligence regarding zoning and permits.
Listing IDX13027920
Address577 King Street
CityWelland, Ontario
Price$499,999
Bed / Bath4 / 2 Full
Style2-Storey, Other
ConstructionAluminum Siding
TypeResidential
StatusFor Sale
Subtype OtherIndoor Features Water HeaterOwnership FreeholdWaterfront NoneFoundation Concrete BlockHeating / Cooling WaterHeating Fuel Gas
Parking 5.00
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Listing Agency:  EXP REALTY

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577 King Street
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