226 KING STREET, Welland (Welland Downtown), Ontario, L3B3J7

Property Description

Attention Builders, Developers, Investors, and Visionaries! A rare and exceptional opportunity to acquire two (2) side-by-side mixed-use commercial properties in the heart of Downtown Welland. (Also see 220-222 King Street offered in conjunction or separately). These properties are located within the Welland Community Improvement Plan (CIP) zone, making them eligible for potential redevelopment incentives, grants, and municipal planning support ideal for builders, owner-operators, and forward-thinking investors. Zoned DMC (Downtown Mixed-Use Commercial), both parcels offer outstanding flexibility and potential for future expansion, including condominiums, medical or professional offices, retail storefronts, and more.Currently, the buildings generate multiple income streams from both commercial and residential units. The ground-floor retail space benefits from excellent exposure and consistent foot traffic during local events, farmers markets, and downtown festivals. Well-established commercial tenants are in place and willing to remain. The upper-level residential apartments provides stable rental income and remains in high demand due to its central location. Located just steps from the scenic Welland Canal, Merritt Park Amphitheatre, and the floating stage, this site is positioned within a vibrant, walkable district that is actively undergoing revitalization as part of the citys long-term downtown renewal plan. Dont miss this rare opportunity to invest in a high-potential, income-producing asset in the rapidly growing core of Downtown Welland.Buyer and buyers representatives to verify all measurements, uses, taxes, zoning, and future development requirements. (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: 3
• Living Area: 6,684 sq ft (621.0 m²)
• Frontage: 33 ft (10.1 m)

Costs

• Annual Taxes: $6,461.28

Listing Provided by: REVEL REALTY INC.
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.