For Sale: 247 King Street, Welland, ON - REW
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$789,900
6 bd • 4 ba • 3500 - 4999 sf • Multifamily
247 King Street
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$789,900
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247 King StreetWelland, ON, L3B 3J9

  • 6 Bed
  • 4 Bath
  • 3500 - 4999 Sqft
  • Multifamily

About this home

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. (id:63626)
Listed by: JALEEL WARD, Salesperson, Real Broker Ontario Ltd.

Home facts and features

Price details
List Price
$789,900
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Gross Taxes for 2025
$3,387
Home facts
Bedrooms
6
Full Bathrooms
3
Partial Bathrooms
1
Parking Spaces
8
Parking Details
Garage
Property Type
Multifamily
Depth
115.6 feet
Frontage
66.0 feet
Exterior Finish
Brick, Vinyl siding
Heating Type
Radiant heat, Natural gas
Basement Details
Unfinished,
Appliances
Dryer, Refrigerator, Stove, Washer
Agent details
Primary Agent
JALEEL WARD
Primary Broker
Real Broker Ontario Ltd.
Secondary Agent
Secondary Broker
Real Broker Ontario Ltd.
Listing details
Days on REW
1 Day
MLS® Number
X13247824
Source
Canadian Real Estate Association
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Property Insights

Plymouth Public School
  • Public
  • JK - 8
St Mary Catholic Elementary School
  • Catholic
  • JK - 8
DSBN Academy
  • Public
  • 6 - 12
Fitch Street Public School
  • Public
  • JK - 8
Princess Elizabeth Public School
  • Public
  • JK - 8
Ross Public School
  • Public
  • JK - 8
St Kevin Catholic Elementary School
  • Catholic
  • JK - 8
Collège Notre-Dame
  • Catholic
  • 9 - 12
Notre Dame College School
  • Catholic
  • 9 - 12
É Élém Champlain
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
JALEEL WARD
Phone:
905-329-9378
Cell:
905-329-9378
Office:
888-311-1172
Eli Milenkoff
Phone:
(289) 820-9309
Cell:
905-380-3111
Office:
888-311-1172
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