577 King Street Welland, Ontario L3B 3L3

$499,999

A rare find on one of Welland's most active main streets - 577 King Street combines a fully updated 3 bedroom home with CC2 commercial zoning, giving you options most properties simply can't offer. Live upstairs, run your business from the main-floor storefront, and collect income from the additional units. Or lease the entire building and let the numbers work for you.The layout does the heavy lifting: three separate entrances, a dedicated storefront with street-facing display windows, and a detached garage and workshop - currently projecting $200/month on its own. With two residential units at an estimated $1,400 each and commercial frontage income, gross monthly potential reaches $4,400.Inside, the home has been updated throughout with new flooring, fresh paint, renovated bathrooms, and a modern kitchen equipped with a new fridge and gas air-fryer stove. The primary bedroom benefits from generous dedicated storage space - a practical touch that's harder to find in properties of this era. The unfinished basement adds further potential for additional living or storage space.Location earns its own mention: a 5-minute walk to Welland General Hospital, transit at the door, and highway access within 7 minutes. The property sits within Welland's official Health and Wellness Cluster - a municipal designation that actively supports medical, therapeutic, and professional service uses on this corridor. Six parking spaces and a fenced rear yard complete the picture.Accessibility is already considered, with the front entrance readily adaptable for wheelchair access - an asset for any health or wellness operator. Multi-unit conversion is subject to municipal approval. Buyers to conduct their own due diligence regarding zoning and permits. (id:63616)

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https://www.realtor.ca/real-estate/29638188/577-king-street-welland-lincolncrowland-773-lincolncrowland