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About the Listing 079816 -
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
Listing Highlights
Status
Active
Days on Site
33
Property Type
Residential
MLS ®
X13441458
Year Built
Total Square Footage
2,000
Lot/Acreage
N/A
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: In-Law Capability,Separate Hydro Meter,3 Kitchens
- Water:
Exterior Details
- Garage Capacity: 3 car
- Roof: Asphalt Shingle
- Others: Public Transit
- Sewer: Sewer
- Parking Features: Detached,Has Garage
Financial Details
- Tax Amount: $4,637
- Taxes w/Assessments: N/A
- Tax/Property ID: 641030214
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
233 King St Welland, ON L3B 3J6
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