577 King Street
Welland, ON L3B 3L3
About This Property
Located in Welland's official Health and Wellness Cluster, 577 King Street offers a rare CC2-zoned mixed-use opportunity on a high-exposure main transit artery - 5 minutes on foot from Welland General Hospital and 7 minutes from highway access.The building's three separate entrances make it naturally suited to a live-work configuration or multi-unit income play. Run a commercial practice from the main-floor storefront while occupying or renting the residential units above, or convert to a duplex or triplex with projected gross income of $4,400/month - comprising $1,400 per residential unit plus $200/month from the detached garage and workshop with cement floors and dedicated electrical.Inside, the property has been thoughtfully updated throughout: new flooring, fresh paint, renovated bathrooms, and a modern kitchen with new appliances. The front entrance is readily adaptable for wheelchair access, making it well-suited for health, wellness, or professional service operators.Six on-site parking spaces, a fenced rear yard, and positioning within a high-growth corridor surrounded by active development round out a property that serves investors, owner-operators and healthcare practitioners equally well. Multi-unit conversion is subject to municipal approval. Buyers to conduct their own due diligence regarding zoning and permits.
Property Details
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Features & Amenities
- View
- Air Conditioning
- Basement
TRREB MLS® Attribution
MLS® X13028098
Listed by EXP REALTY
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 trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. Listing data provided by the Toronto Regional Real Estate Board (TRREB). The information contained herein is from sources believed to be reliable but is not guaranteed. Information deemed reliable but not guaranteed accurate by TRREB or Team Filipe / RE/MAX.
Team Filipe · RE/MAX · (647) 210-6070
Mortgage Estimate
Est. Monthly Payment
$2,442
/month · $399,999 mortgage
Amortization
Total Interest
$332,469
Total Cost
$732,468
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
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