577 King St, Welland, L3B 3L3

Listing Overview

Description

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.

4 days

On Market

Commercial/Retail

Property Type

$3,761 / Year

Est. Taxes

Multi-Use

Style

-

Business Type

N

Franchise