233 King Street,Welland (Welland Downtown), ON L3B3J6
Welland (Welland Downtown), ON L3B3J6
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. (id:13843)
Details
| MLS # | X13857712 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 31 |
| Listing Provided By | RE/MAX REAL ESTATE CENTRE INC. | ISMAIL HWEIJA |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,000 |
| Garage | 6 |
| Story(s) | 2 |
| Zoning | DMC, RM |
Interior
| Cooling | Window air conditioner |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | Yes |
Exterior
| Foundation Details | Block |
|---|
Parking
| Parking Features | Detached Garage, Garage |
|---|---|
| Parking Total | 6 |
Utilities
| Utilities | Sewer, Electricity, Cable |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 4636.93 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Welland (Welland Downtown) |
| Postal Code | L3B3J6 |
| Listing VS Median (in L3B3J6) | |
Price: $399,000 low | high Med: $399,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $200 low | high Med: $200 On site: 31 low | high Med: 31 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Welland (Welland Downtown) |
| Postal Code | L3B3J6 |
| Listing VS Median (in L3B3J6) | |
Price: $399,000 low | high Med: $399,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $200 low | high Med: $200 On site: 31 low | high Med: 31 | |
