For Sale - 577 King Street, Welland, Ontario

Est payment $2,401/mo
Views   1
Time on Jump  10 day
  • Great investment opportunity with commercial and residential potential.
  • Prime location near hospital and easy highway access.
  • Updated interior with modern kitchen and renovated bathrooms.
  • Multiple entrances allow for conversion to duplex or triplex.
  • Potential gross monthly income of $4,400 from rentals and garage.



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 IDX13028098
Address577 King Street
CityWelland, Ontario
Price$499,999
Bed / Bath4 / 1 Full
StyleCommercial Retail
TypeIndustrial/Commercial
StatusFor Sale
Subtype Commercial RetailCommunity Features Public TransitBasement 1Heating / Cooling Water RadiatorsHeating Fuel Gas
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Listing Agency:  EXP REALTY

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