247 King Street, Welland, ON L3B 3J9
768 - Welland Downtown, Welland · Near State St · View map
About this home
Presenting a rare and compelling investment opportunity at 247 King Street in the heart of Welland, a well-positioned 4-plex offering three fully residential apartments and one versatile commercial unit, all situated on one of the city's most recognized and high-traffic corridors. The three residential apartments are each spacious two-bedroom, one-bathroom units, ideal for attracting long-term tenants such as young professionals, students, and families who are drawn to the convenience and energy of downtown Welland living. Loads of potential with this property with an unfinished basement space that can be renovated into a 5th unit with exceptional value-add potential, presenting a savvy investor with the opportunity to develop additional storage, utility, or future living space. A two-car garage currently configured as a functional workshop adds further flexibility to the property, whether retained for tenant use, leased separately, or repurposed to suit a new owner's vision. The commercial unit, presently operating as professional office space, rounds out this income-generating package with a steady and established presence, making the overall property a true mixed-use asset with four streams of potential revenue. Another option would be re-creating the commercial unit into residential living. Situated on King Street directly near Merritt Park and its multi-use amphitheatre , the property enjoys outstanding walkability and access to the local amenities that make downtown Welland so desirable including restaurants, banks, medical offices, and public transit stop just steps from the front door. Niagara College is within approximately five kilometres , ensuring consistent rental demand from students and college staff year round. Whether you are an experienced investor looking to expand your portfolio or a first-time buyer seeking a property with immediate income and long-term upside.
The home
- Type
- Fourplex
- Style
- 2-Storey
- Square footage
- 3500-5000 sq ft
- Bedrooms
- 6
- Bathrooms
- 4
- Kitchens
- 3
- Rooms
- 21
- Basement
- Unfinished
- Lot size
- 66 x 115.6 ft
- Faces
- West
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Exterior
- Brick, Vinyl Siding
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Radiant
- Fireplace
- No
Garage & parking
- Garage spaces
- 2
- Driveway spaces
- 6
- Total parking
- 8
Taxes & other
- Property taxes
- $6,773/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- Assume with tenants
- Cross street
- State St
- Neighbourhood
- 768 - Welland Downtown
More
- Price per sq ft
- ~$176 (at 4,250 sq ft)
- MLS® number
- X13247824
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No features listed yet.
- 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.
247 King Street, Welland, ON L3B 3J9
768 - Welland Downtown, Welland · Near State St
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Listing history for 247 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 247 King Street
Answers come straight from this home’s MLS® listing.
How much is 247 King Street listed for, and what would it cost each month?
247 King Street is listed for $749,900. With 20% down ($149,980), the mortgage payment would be roughly $3,025 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $3,589 a month, all in. That figure is an illustration, not a quote.
Is 247 King Street freehold or a condo, and is there a monthly fee?
247 King Street is a fourplex 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 247 King Street have?
247 King Street has 6 bedrooms and 4 bathrooms. The listing gives the style as 2-storey.
Does 247 King Street have a garage and parking?
The listing does not show a garage. The driveway adds 6 spaces. In total the listing counts 8 parking spaces.
Does 247 King Street have a finished basement?
The listing describes the basement as unfinished.
What style of home is 247 King Street?
247 King Street is a fourplex. A multiplex holds two or more separate units under one roof, often bought to live in one unit and rent the others.
How big is 247 King Street, and what is the lot size?
The listing puts the home between 3,500 and 5,000 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 66 x 115.6 ft.
How is 247 King Street heated and cooled?
Heating is radiant (gas). The listing does not show air conditioning.
What are the property taxes for 247 King Street?
Property taxes are $6,773 a year (2026), or about $564 a month.
Where is 247 King Street?
247 King Street is in the 768 - Welland Downtown community of Welland. The nearest main intersection is State St. The postal code is L3B 3J9.
Is 247 King Street still for sale?
Yes. It is an active listing (MLS® X13247824). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 247 King Street asking?
Similar properties for sale nearby right now include 132 Hellems Avenue at $649,000 (6+1 bed), 62 Burgar Street at $629,900 (6 bed) and 182 Garner Avenue at $539,900 (5 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 247 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 247 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 properties nearby
More properties for sale near 768 - Welland Downtown, picked by style, size and price.
Fourplex$649,000132 Hellems Avenue, Welland6+1 bed · 4 bath · 768 - Welland DowntownCourtesy of: REVEL Realty Inc., BrokerageView home →
Duplex$629,90062 Burgar Street, Welland6 bed · 3 bath · 768 - Welland DowntownCourtesy of: COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGEView home →
Duplex$539,900182 Garner Avenue, Welland5 bed · 3 bath · 768 - Welland DowntownCourtesy of: RE/MAX GARDEN CITY REALTY INC, BROKERAGEView home →Courtesy of: Real Broker Ontario Ltd.
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.