233 King Street, Welland, ON L3B 3J6
768 - Welland Downtown, Welland · Near King St and State St · View map
About this home
Exceptional Mixed-Use Investment Opportunity in the Heart of Downtown Welland! Situated on a high-exposure lot with prime frontage on King Street, this legal triplex offers outstanding income potential and future redevelopment flexibility. Zoned DMC (Downtown Mixed Use Centre) and RM (Residential Multiple), the property is ideal for investors, business owners, or those seeking a live/work opportunity. Currently configured as a legal triplex featuring one 3-bedroom unit, one 2-bedroom unit, and one 1-bedroom unit, the property generates immediate rental income with additional upside, as existing rents are below current market value. A detached 3-car garage provides endless possibilities and could be converted into commercial space, a workshop, storage, or enhanced amenities for tenants. Positioned along bustling King Street with excellent visibility and strong pedestrian traffic, this location is perfectly suited for professional offices, retail uses, convenience stores, service businesses, and many other permitted commercial applications. Enjoy a unique setting just steps from the Welland River and scenic walking trails along the Welland Canal. Located in the heart of Downtown Welland, you're close to grocery stores, restaurants, amenities, and Niagara College's Welland Campus. Outdoor enthusiasts will appreciate being near one of the region's premier destinations for water sports and surfing. With some updating and TLC, this property presents tremendous value-add potential and the opportunity to significantly increase rental income and overall returns. A rare chance to own a versatile mixed-use property in one of Welland's growing downtown corridors. Pictures are virtually staged. Currently 2 and 3 bedroom units are tenanted but potentially can be vacated.
The home
- Type
- 2-storey detached home
- Style
- 2-Storey
- Square footage
- 2000-2500 sq ft
- Bedrooms
- 6
- Bathrooms
- 3
- Kitchens
- 3
- Rooms
- 16
- Basement
- None
- Lot size
- 33.1 x 99.3 ft
- Faces
- West
- Approximate age
- 100+ years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Aluminum Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Window Unit(s)
- Fireplace
- Yes
Garage & parking
- Garage
- Detached
- Garage spaces
- 3
- Driveway spaces
- 3
- Total parking
- 6
Taxes & other
- Property taxes
- $4,637/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Flexible
- Cross street
- King St and State St
- Neighbourhood
- 768 - Welland Downtown
More
- Price per sq ft
- ~$177 (at 2,250 sq ft)
- MLS® number
- X13857712
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The home and its surroundings
- In-Law Capability
- Separate Hydro Meter
- Public Transit
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
233 King Street, Welland, ON L3B 3J6
768 - Welland Downtown, Welland · Near King St and State St
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Listing history for 233 King Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 233 King Street
Answers come straight from this home’s MLS® listing.
How much is 233 King Street listed for, and what would it cost each month?
233 King Street is listed for $399,000. With 20% down ($79,800), the mortgage payment would be roughly $1,609 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $1,996 a month, all in. That figure is an illustration, not a quote.
Is 233 King Street freehold or a condo, and is there a monthly fee?
233 King Street is a 2-storey detached home in 768 - Welland Downtown, Welland. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 233 King Street have?
233 King Street has 6 bedrooms and 3 bathrooms.
Does 233 King Street have a garage and parking?
Yes. The listing shows the garage as detached, with room for 3 cars. The driveway adds 3 spaces. In total the listing counts 6 parking spaces.
Does 233 King Street have a finished basement?
No. The listing shows no basement for this home.
What style of home is 233 King Street?
233 King Street is a 2-storey detached home. A 2-storey detached house has its living space on the main floor and the bedrooms upstairs, on its own lot with no shared walls.
How big is 233 King Street, and what is the lot size?
The listing puts the home between 2,000 and 2,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 33.1 x 99.3 ft.
How is 233 King Street heated and cooled?
Heating is forced air (gas). Cooling is window unit(s).
What are the property taxes for 233 King Street?
Property taxes are $4,637 a year (2025), or about $386 a month.
Where is 233 King Street?
233 King Street is in the 768 - Welland Downtown community of Welland. The nearest main intersection is King St and State St. The postal code is L3B 3J6.
Is 233 King Street still for sale?
Yes. It is an active listing (MLS® X13857712). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 233 King Street asking?
Similar detached homes for sale nearby right now include 83 Burgar Street at $299,999 (5 bed), 15 Asher Street at $395,000 (4+1 bed) and 84 State Street at $459,900 (4 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 233 King Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 233 King Street?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar detached homes nearby
More detached homes for sale near 768 - Welland Downtown, picked by style, size and price.
2-storey detached home$299,99983 Burgar Street, Welland5 bed · 3 bath · 768 - Welland DowntownCourtesy of: MICHAEL ST.JEAN REALTY INC.View home →
2-storey detached home$395,00015 Asher Street, Welland4+1 bed · 6 bath · 768 - Welland DowntownCourtesy of: RIGHT AT HOME REALTYView home →
2-storey detached home$459,90084 State Street, Welland4 bed · 2 bath · 768 - Welland DowntownCourtesy of: ROYAL LEPAGE NRC REALTYView home →Courtesy of: RE/MAX REAL ESTATE CENTRE INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. 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.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.