GORDON KENTIE
COLDWELL BANKER ADVANTAGE REAL ESTATE
Your Trusted Partner in Real Estate.
Contact me at 905-246-6904 for all your property needs.
480 King Street
Welland
L3B 3K7
$975,000
Residential Income
beds: 0
baths: 0.0
3,900 sq. ft.
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 40746082
- Photos (39)
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Strategically located beside the hospital in the heart of Welland, this semi-vacant fourplex offers both immediate upside and long-term redevelopment potential. The property features four spacious three-bedroom units, each equipped with separate laundry, making it ideal for end users or tenants seeking functional living space. Two of the units are currently tenanted at or near market rent, while the remaining two are vacant—one requiring only minor cosmetic updates and the other ready for a full renovation.
Once stabilized, the building is projected to generate nearly $100,000 in annual gross income, delivering a strong 7.1% cap rate at asking. Sitting on nearly half an acre of land, the site benefits from rare INSH zoning, which permits development of up to 8 storeys—offering a compelling opportunity for future intensification in a central location.
A rare chance to acquire a cash-flowing asset with immediate upside, generous unit layouts, and significant redevelopment potential in one of Niagara’s fastest growing markets.
- Property Type:
- Residential Income
- Property SubType:
- Multi-4 Unit
- Listing General Location:
- 773 - Lincoln/Crowland, Welland
- Bedrooms:
- 0
- Bathrooms:
- 0.0 (Full:-/Half:-)
- Lot Details:
- 110.57 x 130
- Lot Depth:
- 130'
- Lot Frontage:
- 110'7"
- Kitchens:
- 0
- County Or Parish:
- Niagara
- Taxes:
- Signup
- Features:
- Crops Included: No, Garage: No, New Construction: No
- Construction:
- Stucco
- Basement:
- Partial, Unfinished
- Roof:
- Asphalt Shing
- Number of Storeys:
- 2
- Number of Buildings:
- 0
- Total Floor Area:
- 3,900 sq. ft.
- Finished Area Above Grade:
- 3,900 sq. ft.
- Fireplace:
- false
- Laundry Features:
- In-Suite
- Water Supply:
- Municipal
- Sewer:
- Sewer (Municipal)
- Cooling:
- None
- Heating:
- Baseboard
- Other,Four Fridges, Four Stoves, Four Washers, Four Dryers - Seller's Make No Representation Or Warranties That These Are In Good Working Condition
- All Tenant Belongings
- None
- false
- No
- NE cornger of King St and Third St
- No
- HST Applicable To Sale Price:
- Included
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Association Fee 2:
- Signup
- Association Fee 2 Frequency:
- Signup
- Administrative Fee:
- Signup
- Features:
- Crops Included: No, Garage: No, New Construction: No
- Road Access Fee:
- Signup
- Zoning:
- INSH
- Lot Site Features:
- Hospital, Playground Nearby, Rec./Community Centre, Schools
- Features:
- Crops Included: No, Garage: No, New Construction: No
- # Of Total Parking Spaces:
- 10.0
- # Of Open Parking Spaces:
- 10.0
- Driveway Parking:
- Private Drive Triple+ Wide
- Num Apartment Units:
- 0
- Num Bachelor Units:
- 0
- Num Efficiency Units:
- 0
- Num Loft Units:
- 0
- Num Other Units:
- 0
- Num Penthouse Units:
- 0
- Num Studio Units:
- 0
- Total Units:
- Signup
- Listed Date:
- Jun 27, 2025
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View of front of house featuring a front yard, a chimney, and stucco siding -
View of front of house featuring a chimney and stucco siding
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Rear view of property featuring stairway, stucco siding, and a chimney
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Rear view of property with stucco siding, stairway, and a chimney
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Kitchen with freestanding refrigerator, backsplash, and light countertops
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Kitchen featuring freestanding refrigerator, radiator heating unit, light countertops, brown cabinets, and decorative backsplash
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Empty room featuring radiator heating unit and light flooring
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Kitchen with freestanding refrigerator, radiator, brown cabinets, light floors, and decorative backsplash
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Empty room featuring radiator and baseboards
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Empty room with baseboards
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Unfurnished room with baseboards and light flooring
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Spare room featuring radiator and light wood-style flooring
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Empty room featuring radiator and light wood finished floors
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Empty room with radiator and tile patterned floors
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Full bath with tile patterned floors and a shower
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Bathroom featuring radiator heating unit, tile patterned flooring, and tile walls
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Full bathroom featuring a tub to relax in
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Kitchen with light tile patterned flooring, dark brown cabinets, light stone countertops, and arched walkways
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Kitchen featuring radiator, light countertops, dark brown cabinetry, light tile patterned flooring, and tasteful backsplash
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Kitchen featuring radiator, dark brown cabinetry, and light tile patterned flooring
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Kitchen with light tile patterned floors, decorative backsplash, glass insert cabinets, and radiator
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Bathroom featuring tile walls, vanity, a tub to relax in, wood finished floors, and a shower
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Bathroom view of a tub
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Photo 24 of 39
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Entrance foyer with radiator heating unit and wood finished floors
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Spare room with radiator and baseboards
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Spare room with radiator heating unit and wood finished floors
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Half bath featuring tile walls and vanity
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Photo 29 of 39
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Spare room featuring radiator and wood finished floors
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View of front of home featuring stucco siding and a chimney
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View of home's exterior featuring a chimney, stucco siding, and a yard
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Back of property with stairs, stucco siding, and a wooden deck
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Back of house with a wooden deck and stucco siding
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Rear view of house with stairs, stucco siding, and crawl space
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Rear view of house featuring stairs and stucco siding
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Unfinished below grade area featuring water heater and a heating unit
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Utilities featuring water heater and a sink
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Unfinished below grade area with electric panel
Listed by EXP Realty Brokerage
Data was last updated July 16, 2025 at 11:50 PM (UTC)
- GORDON KENTIE
- Coldwell Banker Advantage Real Estate, Brokerage
- 1 (905) 2466904
- Contact by Email
