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$ 749,900
Est. payment /mo
Price Dropped by $40K
247 King ST Welland, ON L3B 3J9
6 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family, freehold, residential
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 768 - Welland Downtown
MLS Listing ID X13247824
Style 2-Storey
Bedrooms 6
Annual Tax Amount $6,773
Tax Year 2026
Property Sub-Type Fourplex
Property Description
Presenting a rare and compelling investment opportunity at 247 King Street in the heart of Welland, a well-positioned 4-plex offering three fully residential apartments and one versatile commercial unit, all situated on one of the city's most recognized and high-traffic corridors. The three residential apartments are each spacious two-bedroom, one-bathroom units, ideal for attracting long-term tenants such as young professionals, students, and families who are drawn to the convenience and energy of downtown Welland living. Loads of potential with this property with an unfinished basement space that can be renovated into a 5th unit with exceptional value-add potential, presenting a savvy investor with the opportunity to develop additional storage, utility, or future living space. A two-car garage currently configured as a functional workshop adds further flexibility to the property, whether retained for tenant use, leased separately, or repurposed to suit a new owner's vision. The commercial unit, presently operating as professional office space, rounds out this income-generating package with a steady and established presence, making the overall property a true mixed-use asset with four streams of potential revenue. Another option would be re-creating the commercial unit into residential living. Situated on King Street directly near Merritt Park and its multi-use amphitheatre , the property enjoys outstanding walkability and access to the local amenities that make downtown Welland so desirable including restaurants, banks, medical offices, and public transit stop just steps from the front door. Niagara College is within approximately five kilometres , ensuring consistent rental demand from students and college staff year round. Whether you are an experienced investor looking to expand your portfolio or a first-time buyer seeking a property with immediate income and long-term upside.
Location
State ON
County Niagara
Area Niagara
Rooms
Family Room No
Basement Unfinished
Kitchen 3
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Spaces 2.0
Pool None
Roof Type Flat
Lot Frontage 66.0
Lot Depth 115.6
Total Parking Spaces 8
Building
Foundation Block, Concrete
Others
ParcelsYN No
Virtual Tour https://dl.dropboxusercontent.com/scl/fi/jb43q847h3xu9wxm1u1pe/No-Intro.mp4?rlkey=tqkvtzcokw35v31x3fiyuyceu&raw=1
Listed by Real Broker Ontario Ltd.