Description
Price : $499,999.00 MLS® : X13028098 / 577 King Street, Welland, ON L3B 3L3
Investment Opportunity in the Heart of the Rose City! 577 King Street offers a premier blend of high-exposure commercial potential and residential versatility, perfect for investors or business owners looking to live and work on-site. This strategically located property sits on a main transit artery just a 5-minute walk from the hospital and 7 minutes from highway access. The interior has been extensively updated with new flooring, fresh paint, renovated bathrooms, and a modern kitchen featuring a new fridge and air-fryer-equipped stove. Thoughtfully designed with accessibility in mind, the front entrance can be easily modified for wheelchair access.The building's layout is a standout feature, offering three separate entrances that provide a seamless path to converting the property into a duplex or triplex. With a projected rental income of $1,400 per 1-bedroom unit, plus an additional $200/month for the detached garage/workshop (complete with cement floors and electricity), this property boasts a potential gross monthly income of $4,400. Set in a high-growth area surrounded by new developments, this versatile gem offers endless possibilities. Note: Multi-unit conversion is subject to municipal approval; buyers to conduct their own due diligence regarding zoning and permits.
Location Description
Fourth Street and King Street
Property Details
- Community: 773 - Lincoln/Crowland
- Property Type: Owner/Commercial
- Bedrooms: 4
- Bath: 1
- Garages: Single Detached
- Annual Property Taxes : $ 3761
Buildig Features
- Parking Type : Single Detached
Features
- Heating : Gas Hot WaterGas
Land (Lot Features)
- Frontage: 28 sq.ft
- Land Depth: 132sq.ft
Listing Contracted With: EXP REALTY