577 King Street Welland, Ontario L3B 3L3
$499,999
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. (id:50787)
Property Details
| MLS® Number | X13028098 |
| Property Type | Retail |
| Community Name | 773 - Lincoln/Crowland |
| Amenities Near By | Public Transit |
| Parking Space Total | 6 |
Building
| Bathroom Total | 1 |
| Bedrooms Total | 4 |
| Appliances | Washer |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Exterior | 1867 Sqft |
| Size Interior | 1,867 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Size Depth | 132 Ft |
| Size Frontage | 28 Ft |
| Size Irregular | Bldg=28 X 132 Ft |
| Size Total Text | Bldg=28 X 132 Ft |
| Zoning Description | Cc2 |
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April 22 2026 02:26:23
The Oakville Milton & District Real Estate Board
Exp Realty