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233 KING STREET, Welland (Welland Downtown) — listed at $399,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 5.26 x 3.3 meters |
| Bedroom | Second level | 3.33 x 2.82 meters |
| Bedroom 2 | Second level | 3.02 x 2.95 meters |
| Bedroom 3 | Second level | 2.95 x 2.56 meters |
| Kitchen | Second level | 2.9 x 2.51 meters |
| Bathroom | Second level | 2.31 x 1.85 meters |
| Kitchen | Main level | 5.49 x 2.82 meters |
| Bedroom | Main level | 3.63 x 2.51 meters |
| Bedroom 2 | Main level | 3.32 x 3.22 meters |
| Bedroom 3 | Main level | 2.82 x 2.77 meters |
| Living room | Main level | 3.89 x 3.25 meters |
| Kitchen | Main level | 4.7 x 3.18 meters |
| Bathroom | Main level | 2.5 x 1.83 meters |
| Bathroom | Main level | 2.62 x 1.62 meters |
| Living room | Second level | 4.29 x 3.11 meters |
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $4,636.93, heating is forced air, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Does it have a basement, and is it finished?+
The listing describes the basement as: None. Confirm the finishing status during a showing — it affects both livable space and resale value.
How is the space laid out across floors?+
This is a 2-storey single family. The 6 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
Is this a good starter home?+
At $399,000, this is priced in starter-home territory for Welland (Welland Downtown). With multiple bedrooms, it has room to grow into. Factor in property taxes when calculating your true monthly cost.
Is 233 KING STREET a good fit for a growing family?+
With 6 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
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