Salehian.com 647-325-5000

247 King Street

768 - Welland Downtown, Welland, L3B 3J9

$749,900

Reduced $40,000 from $789,900

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  • 6 bedrooms
  • 4 bathrooms
  • 8 parking
  • 3500-5000 sq ft

Listed 137 days ago · MLS® X13247824

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.

Details

Type
Fourplex
Style
2-Storey
Size
3500-5000 sq ft
Lot
66 × 115.6 ft
Basement
Unfinished
Garage
Other
Kitchens
3
Property tax
$6,773 (2026)
Neighbourhood
768 - Welland Downtown
Municipality
Welland

Interior

Bedrooms
6 above ground
Bathrooms
1 × 3-piece, 1 × 3-piece, 1 × 3-piece, 1 × 2-piece
Rooms
21 above ground
Family room or den
No
Fireplace
No

Heating, cooling and services

Heating
Radiant, Gas
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick, Vinyl Siding
Roof
Flat
Foundation
Block, Concrete
Faces
West

Parking

Garage spaces
2
Total parking
8

Lot

Size
66 × 115.6 ft

More

Possession
Assume with tenants
Cross street
State St

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, 12 parks, 6 pharmacies. Nearest grocery: Pupo's Food Market (700 m). Nearest park: Merritt Park (350 m).

Schools nearby

Elementary

  • Plymouth Public School
    EQAO: Gr 6 reading 100%, math 100%    11 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 Real Broker Ontario Ltd..

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

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