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 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
Details
| MLS # | X13441458 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 73 |
| Listing Provided By | RE/MAX REAL ESTATE CENTRE INC. | X13441458 079816 |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 |
| Garage | 3 |
| Story(s) | 2 |
| Acreage | 0.08 |
| Water Front | Indirect |
Interior
| Interior Features | In-Law Capability, Separate Hydro Meter |
|---|---|
| Cooling | Window Unit(s) |
| Heat Source | Gas |
| Fireplace Yes / No | Yes |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Concrete Block |
| Water View | Partially Obstructive |
| Construction Materials | Aluminum Siding |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 4636.93 |
|---|---|
| Tax Legal Description | PT LT 61, PL 559, W/S OF CANAL ST (NOW KING ST ), AS IN RO705111 ; WELLAND |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Niagara |
| City | Welland |
| Postal Code | L3B 3J6 |
| Area | 768 Welland Downtown |
| Listing VS Median (in L3B 3J6) | |
Price: $599,000 low | high Med: $0 On site: 73 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Niagara |
| City | Welland |
| Postal Code | L3B 3J6 |
| Area | 768 Welland Downtown |
| Listing VS Median (in L3B 3J6) | |
Price: $599,000 low | high Med: $0 On site: 73 low | high Med: | |
