Salehian.com 647-325-5000

233 King Street

768 - Welland Downtown, Welland, L3B 3J6

$399,000

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  • 6 bedrooms
  • 3 bathrooms
  • 6 parking
  • 2000-2500 sq ft

Listed 17 days ago · MLS® X13857712

About this home

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 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. Currently 2 and 3 bedroom units are tenanted but potentially can be vacated.

Details

Type
Detached
Style
2-Storey
Age
100+ years
Size
2000-2500 sq ft
Lot
33.11 × 99.25 ft
Basement
None
Garage
Detached
Kitchens
3
Property tax
$4,637 (2025)
Neighbourhood
768 - Welland Downtown
Municipality
Welland
Price per sq ft
$177 (40% below detached houses in 768 - Welland Downtown, $295)

Interior

Bedrooms
6 above ground
Bathrooms
1 × 3-piece (main), 1 × 4-piece (main), 1 × 4-piece (second)
Rooms
16 above ground
Family room or den
No
Fireplace
Yes
Features
In-Law Capability, Separate Hydro Meter

Heating, cooling and services

Heating
Forced Air, Gas
Air conditioning
Window Unit(s)
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Aluminum Siding
Roof
Asphalt Shingle
Foundation
Concrete Block
Age
100+
Faces
West
Waterfront
Indirect

Parking

Garage spaces
3
Total parking
6

Lot

Size
33.11 × 99.25 ft (rectangular)

More

Possession
Flexible
Nearby
Public Transit
Cross street
King St and State St

Rooms

RoomLevelSizeFeatures
Living RoomMain5.26 × 3.3 m (17'3" × 10'10")
KitchenMain5.49 × 2.82 m (18' × 9'3")
BedroomMain3.63 × 2.51 m (11'11" × 8'3")
Bedroom 2Main3.32 × 3.22 m (10'11" × 10'7")
Bedroom 3Main2.82 × 2.77 m (9'3" × 9'1")
Living RoomMain3.89 × 3.25 m (12'9" × 10'8")
KitchenMain4.7 × 3.18 m (15'5" × 10'5")
BathroomMain2.5 × 1.83 m (8'2" × 6')4 Pc Bath
BathroomMain2.62 × 1.62 m (8'7" × 5'4")3 Pc Bath
Living RoomSecond4.29 × 3.11 m (14'1" × 10'2")
BedroomSecond3.33 × 2.82 m (10'11" × 9'3")
Bedroom 2Second3.02 × 2.95 m (9'11" × 9'8")
Bedroom 3Second2.95 × 2.56 m (9'8" × 8'5")
KitchenSecond2.9 × 2.51 m (9'6" × 8'3")
BathroomSecond2.31 × 1.85 m (7'7" × 6'1")4 Pc Bath

History of this address

3 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

No subway, LRT or GO station within a short trip.

Within a 10-minute walk: 2 grocery stores, 23 cafés and restaurants, 11 parks, 6 pharmacies. Nearest grocery: Pupo's Food Market (700 m). Nearest park: Merritt Park (300 m).

Schools nearby

Elementary

  • Plymouth Public School
    EQAO: Gr 6 reading 100%, math 100%    12 min walk
  • St. Mary Catholic Elementary School Catholic
    EQAO: Gr 6 reading 83%, math 50%    13 min walk
  • Fitch Street Public School
    EQAO: Gr 6 reading 98%, math 50%    1.4 km
  • Ross Public School
    EQAO: Gr 6 reading 100%, math 43%    1.5 km

Secondary

  • Notre Dame College School Catholic
    EQAO: Gr 9 math 56%, literacy test 85%    1.6 km

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L3B

Owners / renters
65% / 35%
Median household income
$66,500
Average age
43
Children under 15
16%
Homes
65% detached, 3% high-rise
Commute by transit
2%
Population
25,869

Languages spoken most at home besides English: Spanish 0.6%, Italian 0.5%, Urdu 0.4%, Punjabi (Panjabi) 0.2%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Niagara Peninsula Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Niagara Region (St. Catharines) police: 54 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Niagara Peninsula Conservation open data. Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 74 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by RE/MAX REAL ESTATE CENTRE INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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