244 KING Street, Welland, Ontario, L3B3J8
MLS: 40814553 | Other
$7,500,000
Property Description
Exceptional investment opportunity in a prime Welland location. The plaza includes 26 residential units (rentals), creating multiple income streams and strong cash flow potential, along with 2 commercial units (under a 10-year lease), including a medical clinic and a pharmacy, providing stable and reliable income. This property has undergone a complete transformation, featuring a brand-new interior built in 2025. Ideal for investors seeking consistent returns, multi-use flexibility, and long-term value appreciation. Dual street exposure enhances accessibility and visibility. (id:64974)
Quick Facts
- Property Type: Other
- Bedrooms: None
- Bathrooms: None
- Living Area: 24,126 sq ft (2,241.4 m²)
- Ownership: Freehold
- Parking: 6.0 spaces
- Lot Size: 0.2500 acres (0.1 ha)
- Frontage: 44 ft (13.4 m)
Costs
- Annual Taxes: $14,853.00
Listing Provided by: RE/MAX Escarpment Golfi Realty Inc.
Board: Cornerstone Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Basement: Full
- Security: Unknown
Exterior & Construction
- Exterior: Brick, Stucco
- Foundation: Block
- Sewer: Municipal sewage system
- Water: Municipal water
Lot & Land
- Lot Size: 0.2500 acres (0.1 ha)
- Frontage: 44 ft (13.4 m)
- Features: Visual exposure, Elevator, Passenger elevator
- Zoning: DMC, RL2
Community & Neighbourhood
- Community: High Traffic Area
- Subdivision: 768 - Welland Downtown
Listing Information
Listing History
MLS listing activity for 244 KING Street, Welland, Ontario, L3B3J8 — dates reflect when changes were recorded in the DDF
Location & Neighborhood
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244 KING Street, Welland, Ontario, L3B3J8