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244 King Street
768 - Welland Downtown Welland L9H 1V9

$7,500,000 /For Sale
Commercial

Main Photo: 244 King Street in Welland: 768 - Welland Downtown Commercial for sale : MLS®# X12915936
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
X12915936
Bus Major:
Apts - Over 20 Units
Exceptional investment opportunity in a prime Welland location. This property has undergone a complete transformation featuring a brand-new interior built in 2025. The ground floor features established commercial tenants, including a medical clinic and a pharmacy, providing stable and reliable income. In addition, the plaza includes 26 residential units (rentals), creating multiple income streams and strong cash flow potential. Ideal for investors seeking consistent returns, multi-use flexibility, and long-term value appreciation. The dual street exposure enhances accessibility, and visibility.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Approx. Age:
51-99
Total Area:
24126 sq. ft. Square Feet
Total Area:
24,126 sq. ft.
Retail Area:
1859 sq. ft. Sq Ft
Office/Apt Area:
3042 sq. ft. Sq Ft
Lot Depth:
583'10"
Lot Frontage:
43'8"
Lot Shape:
Irregular
Water supply:
Municipal
Zoning:
DMC, RL2
Heating type:
Baseboard
Garage:
None
Parking Spaces:
18
Possession Details:
Flexible
Lot Irregularities:
142.9x43.7x108.6x87.9x68.9x41.53........
HST Applicable To Sale Price:
In Addition To
Assessment:
$2,052,000
Assessment Year:
2026
Type Taxes:
Annual
Taxes:
$14,852 / 2025
Assessment:
$2,052,000.00 / 2026
Niagara
Welland
768 - Welland Downtown
Yes
Public
Utilities:
Yes
Air Conditioning:
Yes
Seller Property Info Statement:
No
Major Business Type:
Apts - Over 20 Units
Category:
Apartment
Date Listed:
Mar 24, 2026
Original Price:
Previous Price:
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Listed by RE/MAX ESCARPMENT GOLFI REALTY INC.
Data was last updated March 25, 2026 at 12:15 AM (UTC)
DARYL  KING
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1. Are apartment buildings a good investment?
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2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

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You can find listings across major cities and growing suburbs where rental demand remains strong.