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Maybelline Di Giovanni

hello@soldbymaybelline.com +1(888) 311-1172

Listed by Eli Milenkoff • Real Broker Ontario Ltd.

$ 789,900

Est. payment | -/mo

4,200 SqFt

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$ 789,900

Est. payment | -/mo

Save Virtual Tour

4,200 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-4 Unit

Listing Status Active

Purchase Type For Sale

Square Footage 4,200 sqft

Price per Sqft $188

MLS Listing ID 40835340

Abv Grd Liv Area 4,200

Annual Tax Amount $6,773

Property Sub-Type Multi-4 Unit

Source Cornerstone

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

Province ON

County Niagara

Area Welland

Zoning DMC, RM

Rooms

Basement Separate Entrance, Full, Unfinished

Kitchen 0

Interior

Interior Features Other

Heating Natural Gas, Radiator

Cooling Other

Fireplace No

Laundry Other

Exterior

Exterior Feature Lighting, Private Entrance, Separate Hydro Meters

Parking Features Attached Garage, Asphalt, Gravel, Public

Garage Spaces 2.0

Roof Type Membrane

Porch Patio

Lot Frontage 66.0

Lot Depth 115.6

Garage Yes

Building

Lot Description Rectangular, City Lot, Hospital, Library, Park, Place of Worship, Playground Nearby, Public Parking, Public Transit, School Bus Route, Shopping Nearby

Story 2

Foundation Concrete Block

Sewer Sewer (Municipal)

Water Municipal

Level or Stories 2

Structure Type Brick

New Construction No

Others

Senior Community No

Tax ID 641030215

Ownership Freehold/None

Virtual Tour https://www.propertypanorama.com/instaview/itso/40835340

Nearby Locations

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247 King Street Welland, ON L3B 3J9