$409,000
Available - For Sale
Listing ID: X13208430
577 King Street , Welland, L3B 3L3, Niagara
| 577 King Street, Welland | Prime Health & Wellness Cluster Opportunity Positioned directly within Welland's official Health and Wellness Cluster, 577 King Street offers a high-exposure Welland commercial residential mixed-use property on a primary transit artery. Located just a 5-minute walk from Niagara Health - Welland Site hospital and 7 minutes from highway access, this site is ideally suited for doctors, dentists, Allied Health practitioners, professional service firms, or savvy investors targeting an investment property Niagara strategy.Configuration & Layout Current Layout: Configured with 3 bedrooms and 2 bathrooms, featuring fresh interior updates throughout including new flooring, fresh paint, updated bathrooms, and a modern kitchen with new appliances. Accessibility: Main front entrance is readily adaptable for barrier-free/wheelchair access to support clinical, wellness, or office clients. Parking & Exterior: 6 dedicated on-site parking spaces, a fully fenced rear yard, plus a detached garage and workshop equipped with concrete floors and dedicated electrical service.Income & Live-Work Potential Flexible Zoning (CC2): Features 3 separate exterior entrances, providing immediate utility for a seamless live-work configuration (main-floor clinical/retail space with residential living above). Multi-Unit Cash Flow Strategy: Strategic layout offers natural potential for a duplex or triplex conversion with a projected gross income of up to $4,400/month (estimated at $1,400/month per residential unit, plus $200/month for the detached garage/workshop).Situated in a rapidly growing corridor surrounded by ongoing municipal development. Note: Multi-unit conversion and specific commercial uses are subject to municipal approval; buyers to perform independent due diligence regarding zoning, permits, and intended use. |
| Price | $409,000 |
| Taxes: | $3760.66 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Owner |
| Address: | 577 King Street , Welland, L3B 3L3, Niagara |
| Postal Code: | L3B 3L3 |
| Province/State: | Niagara |
| Directions/Cross Streets: | Fifth Street and King Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 0 | |
| Washroom Type 22 | 0 | |
| Washroom Type 23 | 0 | |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 |
| Category: | Store With Apt/Office |
| Building Percentage: | T |
| Total Area: | 1867.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 1867 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit Recreation/Comm |
| Financial Statement: | F |
| Chattels: | F |
| Franchise: | F |
| Sprinklers: | No |
| Washrooms: | 0 |
| Heat Type: | Water Radiators |
| Central Air Conditioning: | No |
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At a Glance:
| Type: | Com - Store W Apt/Office |
| Area: | Niagara |
| Municipality: | Welland |
| Neighbourhood: | 773 - Lincoln/Crowland |
| Tax: | $3,760.66 |
| Fireplace: | N |
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