233 King Street
Welland, ON
- 6 bed
- 3 bath
- approx. 2000-2500 sqft
- Detached
- 92 days on market
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 fully tenanted 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
Listing Details
- Taxes (2025)
- $4,637
- Listed
- June 9, 2026
Price History
Property
- Style
- 2-Storey
- Age
- 100+
- Construction
- Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete Block
- Interior
- In-Law Capability, Separate Hydro Meter
- Lot Size
- 33.11 x 99.25 Feet
Parking
- Garage
- Detached
- Covered Spaces
- 3
- Total Parking
- 6
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- King St and State St
- Zoning
- DMC, RM
- Parcel Number
- 641030214
- Possession
- 60-89 days
- Occupancy
- Tenant
Included
- Inclusions
- All existing Appliances
- Exclusions
- None
- Rental Items
- None
Schools
Elementary
- Plymouth Public School0.5 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 School0.5 km
Catholic · Niagara CDSB · 205 students
Grade 3 reading: 67% met the provincial standard · Grade 6 math: 50% met the provincial standard
- École élémentaire Franco-Niagara1.4 km
French public · CS Viamonde · 130 students
Grade 3 reading: 100% met the provincial standard · Grade 6 math: 42% met the provincial standard
Secondary
- Eastdale Secondary School2.2 km
Public · DSB Niagara · 455 students
Grade 10 literacy: 92% met the provincial standard
- Notre Dame College School2.2 km
Catholic · Niagara CDSB · 1130 students
Grade 10 literacy: 85% met the provincial standard
- École secondaire Franco-Niagara2.3 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
Residential Freehold in Welland · last 12 months
- Median sold price
- $532,500
- Homes sold
- 755
- Median days on market
- 33
- Sale-to-list price
- 96.3%
Based on 755 recorded sales of residential freehold properties in Welland over the last 12 months.
Rooms
3-piece on Main, 4-piece on Main, 4-piece on Second
Second
- Bathroom7'7" x 6'1"
- Bedroom10'11" x 9'3"
- Bedroom 29'11" x 9'8"
- Bedroom 39'8" x 8'5"
- Kitchen9'6" x 8'3"
- Living Room14'1" x 10'2"
Main
- Bathroom8'7" x 5'4"
- Bathroom8'2" x 6'
- Bedroom11'11" x 8'3"
- Bedroom 210'11" x 10'7"
- Bedroom 39'3" x 9'1"
- Kitchen15'5" x 10'5"
- Kitchen18' x 9'3"
- Living Room12'9" x 10'8"
- Living Room17'3" x 10'10"
Listed by
RE/MAX REAL ESTATE CENTRE INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$119,800
Estimated Monthly Payment
$2,943
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $2,943/mo (20% down, 5.5%)
Taxes: $386/mo · Insurance: $150/mo
Estimates only. Consult a financial advisor.
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