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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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 975,000
Est. payment /mo
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480 King ST Welland, ON L3B 3K7

15,823 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Square Footage 15,823 sqft

Price per Sqft $61

Subdivision 773 - Lincoln/Crowland

MLS Listing ID X12251577

Annual Tax Amount $3,806

Tax Year 2024

Property Sub-Type Investment

Lot Depth 130.0

Lot Front 110.57

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

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 110.57

Lot Depth 130.0

Listed by EXP REALTY
agent

Jethro Seymour

Broker

+1(416) 712-0767

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