220-222 King Street, Welland, ON L3B 3J7

Welland L3B 3J7 Ontario

MLS: X12407231

$850,000

Added 2 hours ago | For Sale

Listed by: REVEL REALTY INC.

About Property

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 226 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 investor visionaries. 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 fully tenanted 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 apartment provides stable rental income and remains in high demand due to its central location 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 Welland's city rejuvenation plan. Don't miss this opportunity to capitalize on 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. Due your due diligence.

Features

  • House Style:Store W Apt/Office
  • Bathrooms:
  • Land Size: 33 X 114.4
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:King / State
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $6329
  • Bedrooms:
  • Total Parking Spaces:0
  • Parking Places:0
  • Heating Type:Gas Forced Air Closed
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12407231

About Agent
Tajinder Sarao
REALTOR®
(647) 206-7222 [email protected]
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