233 King ST, Welland, ON L3B 3J6
233 King ST, Welland, ON L3B 3J6
233 King ST, Welland, ON L3B 3J6
233 King ST, Welland, ON L3B 3J6
233 King ST, Welland, ON L3B 3J6
233 King ST, Welland, ON L3B 3J6
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Wilson Hon

Wilson Hon

+1(416) 889-0886
$ 399,000
Est. payment | /mo

6 Beds

3 Baths

Save
$ 399,000
Est. payment | /mo
Save

6 Beds

3 Baths

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision 768 - Welland Downtown

MLS Listing ID X13857712

Style 2-Storey

Bedrooms 6

Annual Tax Amount $4,636

Tax Year 2025

Property Sub-Type Detached

Property 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.

Location

Province ON

County Niagara

Area Niagara

Zoning DMC, RM

Body of Water Welland Canal

Rooms

Basement None

Kitchen 3

Interior

Interior Features In-Law Capability, Separate Hydro Meter

Cooling Window Unit(s)

Inclusions All existing Appliances

Exterior

Parking Features Detached

Garage Spaces 3.0

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 6

Building

Building Age 100+

Foundation Concrete Block

Lited by RE/MAX REAL ESTATE CENTRE INC.

Nearby Locations

Wilson Hon

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 889-0886

wilson.hon@exprealty.com

50 Leek Cres, Richmond Hill, ON L4B 4J3, CAN

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233 King ST