Space
Finished area and layout
- Living Area
- 4,200 sqft
- Above Grade
- 4,200 sqft (Other)
- Finished Breakdown
- Above 4,200 sqft
- Bedrooms
- 0
- Bathrooms
- 0
+45 more
0
Bedrooms
0
Bathrooms
4,200 sqft
Living Area
66 x 115.6 FT
Lot
6
Parking
Property Snapshot
Key details for this listing
MLS #40835340
Property
Type, style and structure
- Type
- residential
- Style
About This Property
This 0-bedroom, 0-bathroom multi-family in Welland offers 4,200 sqft of living area on a 66 x 115.6 FT lot. 2 storeys. The home features natural gas heating, a unfinished, full basement.
MLS Remarks
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:60351)
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