Living (3.3 × 5.26)
Level: Main
233 King St
Welland Downtown, Welland, Ontario L3B 3J6
Description
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 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. Currently 2 and 3 bedroom units are tenanted but potentially can be vacated.
01 / Property recordListing detailsFacts, history, rooms and location
Key Facts
- MLS® #
- X13857712
- Board
- TRREB MLS®
- Days on market
- Tax
- $4,637
- Size
- 2000-2500 sqft
- Lot
- 33.11 × 99.25 Feet
- Parking
- 3 Detached, 6 Parking
Listing History
Buy/Sell history for 233 King St, Welland, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| N/A | N/A | $399,000 | N/A | For Sale | X13857712 |
Estimated Market Value
Estimated value requires sign in
AI market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
Property Details
Property
- Property Type
- Detached
- Style
- 2-Storey
- Community
- Welland Downtown
- Municipality
- Welland
Inside
- Bedrooms
- 6
- Bathrooms
- 3
- Bathroom Detail
- 1, 3pc, Main
- Bathroom Detail
- 1, 4pc, Main
- Bathroom Detail
- 1, 4pc, 2nd
- Basement Type
- None
- Kitchens
- 3
Utilities
- Water
- Municipal
- Cooling
- Window Unit
- Heating Type
- Forced Air
Building
- Size
- 2000-2500 sqft
- Construction
- Alum Siding
Parking
- Garage Type
- Detached
- Garage
- 3
- Add. Parking
- 3
- Total Parking
- 6
Land
- Sewer
- Sewers
- Lot Size
- 33.11 × 99.25 Feet
- Lot Size Code
- Feet
Additional
- Year built
- 100+
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Fireplace
- Y
- Pool
- None
- Den
- N
- Family room
- N
- Extras
- All existing Appliances
Rooms (15)
Kitchen (2.82 × 5.49)
Level: Main
Br (2.51 × 3.63)
Level: Main
2nd Br (3.22 × 3.32)
Level: Main
3rd Br (2.77 × 2.82)
Level: Main
Living (3.25 × 3.89)
Level: Main
Kitchen (3.18 × 4.7)
Level: Main
Bathroom (1.83 × 2.5)
4 Pc Bath
Level: Main
Bathroom (1.62 × 2.62)
3 Pc Bath
Level: Main
Living (3.11 × 4.29)
Level: 2nd
Br (2.82 × 3.33)
Level: 2nd
2nd Br (2.95 × 3.02)
Level: 2nd
3rd Br (2.56 × 2.95)
Level: 2nd
Kitchen (2.51 × 2.9)
Level: 2nd
Bathroom (1.85 × 2.31)
4 Pc Bath
Level: 2nd
Location
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
14 records read 8 on record nearby 6 checked, none on recordRead 2026-10-28
Water and conservation
- No mapped wetland within 120 m
- No water-supply well recorded within 250 m20 test or monitoring holes also recorded.
- Groundwater recorded about 4.8 m below ground nearbyThe middle water level in the well records within 500 m (87 records). It changes with the season and from spot to spot.
Province of Ontario open data
Planning and building activity
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areas
- Nearest airport: 5.3 km
Province of Ontario open data
Around the home
- Nearest rail line: 740 m
- A trail on the Ontario trail network within 1 km
Province of Ontario open data
Environmental records
- No licensed pit or quarry within 2 km
- No recorded oil, gas or salt well within 250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Canada Forgings Inc. — Open Die Plant, 890 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.
Province of Ontario open data · Government of Canada open data
Power and internet
- Electricity is distributed here by Welland Hydro-Electric System Corp.
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (20 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Cogeco Connexion, Niagara Regional Broadband Network. Cable: Cogeco Connexion. DSL: Bell. Fixed wireless: Bell, Last Mile Wireless Internet, NWIC, Rogers, Xplore. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.
Ontario Energy Board · Innovation, Science and Economic Development Canada
None of this is an inspection of the property. Confirm anything that matters to you with the municipality, the conservation authority or the record’s publisher. Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario.
Comparable Sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
02 / Plan your numbersToolsMortgage and cash-flow planning
Mortgage Tools
Mortgage calculator
20%
Monthly Payment
$1,830
- Down payment$79,800
- Mortgage amount$319,200
- Total interest$229,800
- Total cost$628,800
Cash flow analysis
$1,830
Total monthly payment
$2,216
Break-even down payment
100%
Cash flow-$2,216
03 / Community profileNeighbourhood demographicsPeople, homes and household context
Expand Neighbourhood demographics to load Statistics Canada census charts.
04 / Local performanceMarket detailsNeighbourhood price and activity trends
Expand Market details to load neighbourhood price and activity trends.
$399,000
$399,000
CAD
Estimated market value
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