480 King Street, Welland
- Bedrooms: 12
- Bathrooms: 4
- Living area: 15823 square feet
- Added: 2 months ago
- Updated: 2 months ago
- Last Checked: 1 day ago
- Listed by: EXP REALTY
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Listing description
This Other at 480 King Street Welland, ON with the MLS Number x12251578 which includes 12 beds, 4 baths and approximately 15823 sq.ft. of living area listed on the Welland market by ANDREW ODOARDI - EXP REALTY at $975,000 2 months ago.
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)
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Nearby Listings Stat Estimated price and comparable properties near 480 King Street
Active listings
1
Min Price
$975,000
Max Price
$975,000
Avg Price
$975,000
Days on Market
69 days
Sold listings
0
Min Sold Price
$N/A
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Days until Sold
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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
$975,000
