ON > Welland > 773 - Lincoln-Crowland
Welland, ON L3B 3K7,480 King ST
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Welland, ON L3B 3K7,480 King ST
Welland, ON L3B 3K7,480 King ST
Welland, ON L3B 3K7,480 King ST
Welland, ON L3B 3K7,480 King ST
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Jamie Black

Jamie Black

+1(416) 496-9220
$ 975,000
Est. payment /mo
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Active

480 King ST Welland, ON L3B 3K7

12 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 3500-5000

Subdivision 773 - Lincoln/Crowland

MLS Listing ID X12251578

Style 2-Storey

Bedrooms 12

Annual Tax Amount $3,806

Tax Year 2024

Property Sub-Type Fourplex

Appx SqFt 3500-5000

Property Description

Strategically located beside the hospital in the heart of Welland, this semi-vacant fourplex offers both immediate upside and long-term redevelopment potential. The property features four spacious three-bedroom units, each equipped with separate laundry, making it ideal for end users or tenants seeking functional living space. Two of the units are currently tenanted at or near market rent, while the remaining two are vacant one requiring only minor cosmetic updates and the other ready for a full renovation.Once stabilized, the building is projected to generate nearly $100,000 in annual gross income, delivering a strong 7.1% cap rate at asking. Sitting on nearly half an acre of land, the site benefits from rare INSH zoning, which permits development of up to 8 storeys offering a compelling opportunity for future intensification in a central location.A rare chance to acquire a cash-flowing asset with immediate upside, generous unit layouts, and significant redevelopment potential in one of Niagara's fastest growing markets.

Location

Province ON

County Niagara

Community 773 - Lincoln/Crowland

Area Niagara

Rooms

Family Room Yes

Basement Partial Basement

Kitchen 4

Interior

Interior Features None

Cooling None

Fireplace Yes

Heat Source Gas

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 110.57

Lot Depth 130.0

Total Parking Spaces 10

Building

Foundation Concrete

Listed by EXP REALTY
agent

Jamie Black

Sales Representative

+1(416) 496-9220

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480 King ST

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