226 King Street, Welland, ON Image 1

$1,275,000

Commercial Retail For Sale
MLS - #X12049240
1 day ago- By ROYAL LEPAGE YOUR COMMUNITY REALTY

226 King Street, Welland, ON L3B 3J7

Bed
Bath
6600 Sqft.
None Garage

Property Description

Property type

Commercial Retail

Lot size

N/A

Style

Approx. Area

6600 Sqft

About 226 King Street

A rare and exceptional opportunity to acquire two (2) side-by-side mixed-use commercial properties in the heart of Downtown Welland. (Also see 220-222 King St.) These properties are part of the Welland Community Improvement Plan, offering potential benefits and incentives for redevelopment, rejuvenation, and investment. Both properties are zoned DMC (Downtown Mixed-Use Commercial), allowing for a wide range of expansion or redevelopment possibilities, with versatility, consistent income potential, and long-term value. Currently, the properties generate multiple revenue streams through fully tenanted commercial and residential spaces. The spacious ground-floor commercial retail units are ideal for storefront, office, café, financial or medical practice, or other professional services and benefit from prime exposure, high visibility, and heavy foot traffic - existing tenants willing to stay! The upper-level residential apartments provide additional rental income with strong tenant demand. Located just steps from the Welland Canal, the Merritt Park Amphitheatre and floating stage which hosts events and festivals attracting visitors and locals throughout the year. Luxury waterfront condominiums are already launching their projects nearby as this area is poised for significant growth. A vibrant, pedestrian-friendly district undergoing major revitalization efforts aimed at rejuvenating the King Street corridor. Capitalize on this high-potential investment in the rapidly growing Downtown core of Welland! Buyers verify measurements and all requirements.

Home Overview

Last updated

1 day ago

Virtual tour

None

Basement information

Building size

6600

Status

In-Active

Property sub type

Commercial Retail

Maintenance fee

$N/A

Year built

2024

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Open
Parking Features:N/A
0
Similar Homes Found
$0
Average Price
127500000.0%
Higher than average

Price Comparison

Note * Price comparison is based on the similar properties listed in the area and may not be accurate. Consult licensed real estate agent for accurate comparison.

Location

Walking Icon

Walk Score for 226 King Street

Sales Representative

Shally Shi

Sales Representative, Dolphin Realty Inc

English, Mandarin
Residential ResaleProperty ManagementPre Construction

MORTGAGE INFO

ESTIMATED PAYMENT

Principal and InterestProperty Taxes$4869.64/ month
$1,020,000 Principal and Interest

Some information about this property - King Street

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