233 King Street, Welland

$399,000
233 King Street

$399,000

New
22d
Detached2-Storey

233 King Street, Welland

Total Monthly Obligation $2,371

Beds
6
Baths
3
Park
3
Sqft
2000-2500
DOM
22d
Score
34
Yield
8.4%
Cash on Cash
9.5%
Cap Rate
6.6%
5Y IRR
23.2%
10Y IRR
21.0%
Property Type-Detached
MLS® Number-X13857712
Beds-6
Bathrooms-3
Size-2000-2500 sqft
Lot Size-33.11 × 99.25 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Age-100+
Taxes-$4,636.93 (2025)
Parking-6 - Detached
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Window Unit(s)
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete Block
Sewer-Sewer
Possession-Flexible
Neighbourhood-768 - Welland Downtown
Title-Residential Freehold

No agent assigned

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.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$319,200
Land Transfer Taxes$4,460
Legal Fees (Est.)
$
Total cash required for closing$85,760

Total Monthly Obligation

$2,371/mo
Mortgage $1,609
Monthly Loss $1,947
Principal$424
Interest$1,186
Property Tax$386
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
5.3%41
Cash-on-Cash
2.1%12
5-Year IRR
17.5%84
10-Year IRR
16.7%
Returns Index
46.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
34/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$33,588/yr
NOI
$21,092/yr
Net Cash Flow
$148/mo
Cash Margin
5.3%13
Cash Flow Index
12.6/ 100
Risk Profile
Weight: 20%
DSCR
1.0935
LTV Ratio
80.0%18
Vacancy Buffer
4.0 mo69
Risk Index
40.6/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 233 King Street

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.