480 King Street, Welland
- Living area: 3900 square feet
- Added: 2 months ago
- Updated: 2 months ago
- Last Checked: 6 days ago
- Listed by: EXP Realty Brokerage
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Listing description
This Other at 480 King Street Welland, ON with the MLS Number 40746082 listed by Andrew Odoardi - EXP Realty Brokerage on the Welland market 2 months ago at $975,000.
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. (id:1945)
Property Details
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Nearby Listings Stat Estimated price and comparable properties near 480 King Street
Active listings
374
Min Price
$2,200
Max Price
$27,789,000
Avg Price
$695,523
Days on Market
60 days
Sold listings
127
Min Sold Price
$84,999
Max Sold Price
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Avg Sold Price
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Days until Sold
67 days
Nearby Places Nearby schools and amenities around 480 King Street
District School Board of Niagara
(3 km)
240 Thorold Rd, Welland
Seaway Mall
(3.9 km)
800 Niagara St, Welland
Price History
June 28, 2025
by EXP Realty Brokerage
$975,000
