244 KING Street
Welland, Ontario
24,126 sqft • Other
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.
Price History
Property
- Lot Size
- 0.25 acres
Schools
Elementary
- Plymouth Public School0.6 km
Public · DSB Niagara · 460 students
Grade 3 reading: 97% met the provincial standard · Grade 6 math: 100% met the provincial standard
- St Mary Catholic Elementary School0.8 km
Catholic · Niagara CDSB · 205 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 50% met the provincial standard
- Fitch Street Public School1.3 km
Public · DSB Niagara · 510 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 50% met the provincial standard
Secondary
- Notre Dame College School1.6 km
Catholic · Niagara CDSB · 1130 students
Grade 10 literacy: 85% met the provincial standard
- Eastdale Secondary School2.1 km
Public · DSB Niagara · 455 students
Grade 10 literacy: 92% met the provincial standard
- École secondaire Franco-Niagara2.2 km
French public · CS Viamonde · 120 students
Grade 10 literacy: 100% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area L3B
- Population
- 25,869
- Private dwellings
- 11,617
- Median age
- 43.2
- Average household size
- 2.3
- Median household income
- $66,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Other in Welland · last 12 months
- Median sold price
- $532,750
- Homes sold
- 762
- Median days on market
- 33
- Sale-to-list price
- 96.3%
Based on 762 recorded sales of other properties in Welland over the last 12 months.
Location
Mortgage Calculator
$1,500,000
Estimated Monthly Payment
$36,845
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $36,845/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $1,875/mo
Estimates only. Consult a financial advisor.
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