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$ 1,195,000
Est. payment /mo
Active
226 KING STREET Welland (welland Downtown), ON L3B3J7
3,775 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 3,775 sqft
Price per Sqft $316
Subdivision 768 - Welland Downtown
MLS® Listing ID X12407326
Source Toronto Regional Real Estate Board
Property Description
Attention Builders, Developers, Investors, and Visionaries! A rare and exceptional opportunity to acquire two (2) side-by-side mixed-use commercial properties in the heart of Downtown Welland. (Also see 220-222 King Street offered in conjunction or separately). These properties are located within the Welland Community Improvement Plan (CIP) zone, making them eligible for potential redevelopment incentives, grants, and municipal planning support ideal for builders, owner-operators, and forward-thinking investors. Zoned DMC (Downtown Mixed-Use Commercial), both parcels offer outstanding flexibility and potential for future expansion, including condominiums, medical or professional offices, retail storefronts, and more.Currently, the buildings generate multiple income streams from both commercial and residential units. The ground-floor retail space benefits from excellent exposure and consistent foot traffic during local events, farmers markets, and downtown festivals. Well-established commercial tenants are in place and willing to remain. The upper-level residential apartments provides stable rental income and remains in high demand due to its central location. Located just steps from the scenic Welland Canal, Merritt Park Amphitheatre, and the floating stage, this site is positioned within a vibrant, walkable district that is actively undergoing revitalization as part of the citys long-term downtown renewal plan. Dont miss this rare opportunity to invest in a high-potential, income-producing asset in the rapidly growing core of Downtown Welland.Buyer and buyers representatives to verify all measurements, uses, taxes, zoning, and future development requirements. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by REVEL REALTY INC.
