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:63381)
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 Type | Radiator |
| 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 |
Contact Us
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
April 26 2026 01:56:21
The Oakville Milton & District Real Estate Board
Exp Realty