247 King St
Welland Downtown, Welland, Ontario L3B 3J9
- Bedrooms
- 6
- Bathrooms
- 4
- Size
- 3,500–5,000sq ft
- Per sq ft
- $176at the range’s middle
- Lot
- 66 x 115.6 ft
- Tax a year
- $6,7732026 tax year
- Parking
- 82 other
- Days on market
- Members
The brief
About 247 King St
247 King St is a 6-bedroom, 4-bathroom fourplex in Welland Downtown, Welland, listed for sale at an asking price of $749,900 (MLS® X13247824).
Presenting a rare and compelling investment opportunity at 247 King Street in the heart of Welland, a well-positioned 4-plex offering three fully residential apartments and one versatile commercial unit, all situated on one of the city's most recognized and high-traffic corridors. The three residential apartments are each spacious two-bedroom, one-bathroom units, ideal for attracting long-term tenants such as young professionals, students, and families who are drawn to the convenience and energy of downtown Welland living. Loads of potential with this property with an unfinished basement space that can be renovated into a 5th unit with exceptional value-add potential, presenting a savvy investor with the opportunity to develop additional storage, utility, or future living space. A two-car garage currently configured as a functional workshop adds further flexibility to the property, whether retained for tenant use, leased separately, or repurposed to suit a new owner's vision. The commercial unit, presently operating as professional office space, rounds out this income-generating package with a steady and established presence, making the overall property a true mixed-use asset with four streams of potential revenue. Another option would be re-creating the commercial unit into residential living. Situated on King Street directly near Merritt Park and its multi-use amphitheatre , the property enjoys outstanding walkability and access to the local amenities that make downtown Welland so desirable including restaurants, banks, medical offices, and public transit stop just steps from the front door. Niagara College is within approximately five kilometres , ensuring consistent rental demand from students and college staff year round. Whether you are an experienced investor looking to expand your portfolio or a first-time buyer seeking a property with immediate income and long-term upside.
Insights
Condition Score
Good73/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall23/100−$1,486/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 5 homes with 6 bedrooms for lease in Welland right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $6,773 / 2026
- MLS® number
- X13247824
- Board
- TRREB MLS®
- Property Type
- Fourplex
- Days on market
- Size
- 3500-5000 sqft
- Lot Size
- 66 x 115.6 ft
- Listed on
- Parking
- 2 Other, 8 Parking
Property details
Property
- Property Type
- Fourplex
- Style
- 2-Storey
- Community
- Welland Downtown
- Municipality
- Welland
Building
- Size
- 3500-5000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 6
- Bathrooms
- 4
- Bathroom Details
- 1 × 3pc, 1 × 3pc, 1 × 3pc, 1 × 2pc
- Basement Type
- Unfinished
- Kitchens
- 3
Parking
- Garage Type
- Other
- Garage
- 2
- Additional Parking
- 6
- Total Parking
- 8
Utilities
- Water
- Municipal
- Cooling
- None
- Heating Type
- Radiant
Land
- Sewer
- Sewers
- Frontage
- 66 ft
- Depth
- 115.6 ft
- Lot Size
- 66 x 115.6 ft
Additional
- Foundation
- Block, Concrete
- Roof
- Flat
- Fireplace
- No
- Pool
- None
- Den
- No
- Family room
- No
- Extras
- Dryer in basement #1. Fridges, stoves, washers, dryers
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 247 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 |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $749,900 | N/A | Pc | X13247824 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $149,980
- Total mortgage amount
- $599,920
- Total interest payment
- $426,680
- Total purchase cost
- $1,176,580
- Mortgage payment
- $3,422/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
55%Monthly carrying cost
$3,986- Rent $2,500
- Shortfall $1,486
Rental income opens at $2,500, the median asking rent of 5 comparable homes for lease in Welland. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $11,473
- Total land transfer tax
- $11,473
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $7,473
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $749,900
- $6,998
- Ontario total
- $11,473
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
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.
The market
Market area · filters apply to the charts below
The street
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Plymouth Public SchoolDSB Niagara | Public · grades JK–8 | 650 m | 100%Grade 6 average |
| St Mary Catholic Elementary SchoolNiagara CDSB | Catholic · grades JK–8 | 800 m | 69%Grade 6 average |
| Fitch Street Public SchoolDSB Niagara | Public · grades JK–8 | 1.3 km | 81%Grade 6 average |
| École élémentaire Franco-NiagaraConseil scolaire Viamonde | French-language public · grades JK–6 | 1.6 km | 72%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Notre Dame College SchoolNiagara CDSB | Catholic · grades 9–12 · French Immersion | 1.6 km | 56%Grade 9 math |
| Eastdale Secondary SchoolDSB Niagara | Public · grades 9–12 | 2.1 km | 43%Grade 9 math |
| École secondaire Franco-NiagaraConseil scolaire Viamonde | French-language public · grades 9–12 | 2.2 km | 48%Grade 9 math |
| Welland Centennial Secondary SchoolDSB Niagara | Public · grades 9–12 · French Immersion | 2.4 km | 65%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Recently sold nearby
Sold prices in Welland Downtown are shown to signed-in members.