577 King Street Welland, Ontario L3B 3L3
$499,999
Investment Opportunity in the Heart of the Rose City! 577 King Street offers a premier blend of high-exposure commercial potential and residential versatility, perfect for investors or business owners looking to live and work on-site. This strategically located property sits on a main transit artery just a 5-minute walk from the hospital and 7 minutes from highway access. The interior has been extensively updated with new flooring, fresh paint, renovated bathrooms, and a modern kitchen featuring a new fridge and air-fryer-equipped stove. Thoughtfully designed with accessibility in mind, the front entrance can be easily modified for wheelchair access.The building's layout is a standout feature, offering three separate entrances that provide a seamless path to converting the property into a duplex or triplex. With a projected rental income of $1,400 per 1-bedroom unit, plus an additional $200/month for the detached garage/workshop (complete with cement floors and electricity), this property boasts a potential gross monthly income of $4,400. Set in a high-growth area surrounded by new developments, this versatile gem offers endless possibilities. Note: Multi-unit conversion is subject to municipal approval; buyers to conduct their own due diligence regarding zoning and permits. (id:61852)
Property Details
| MLS® Number | X13027920 |
| Property Type | Single Family |
| Community Name | 773 - Lincoln/Crowland |
| ParkingSpaceTotal | 5 |
Building
| BathroomTotal | 2 |
| BedroomsAboveGround | 3 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 4 |
| Appliances | Water Heater, Gas Stove(s), Washer, Refrigerator |
| CoolingType | None |
| ExteriorFinish | Aluminum Siding |
| FoundationType | Block |
| HalfBathTotal | 1 |
| StoriesTotal | 2 |
| SizeInterior | 1500 - 2000 Sqft |
| Type | Other |
Parking
| Detached Garage | |
| Garage |
Land
| Acreage | No |
| SizeDepth | 132 Ft |
| SizeFrontage | 28 Ft |
| SizeIrregular | 28 X 132 Ft |
| SizeTotalText | 28 X 132 Ft |
| ZoningDescription | Cc2 |
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Justin Punnoose
Salesperson
2010 Winston Park Dr - Unit 290
Oakville, Ontario L6H 5R7
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April 22 2026 01:56:25
Oakville, Milton & District Real Estate Board
Exp Realty