480 King Street
Welland (Lincoln/Crowland), ON L3B 3K7
- 12Bedrooms
- 4Bathrooms
- 10Parking
- 3500–5000Sq Ft
- $3,806Tax
- 111×130 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 480 King Street, Welland, Lincoln/Crowland
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2025-06-27 | 2025-09-30 | Login to See Prices | Expired | x12251578 |
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About 480 King Street, Welland, Lincoln/Crowland
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,806
- Land Transfer Tax Fee
- $15,975
Rental Items
- Rental Equipment
- none
- Basement Type
- Partial Basement
Interior Features
- Interior Extras
- None
- Fireplace/Stove
- Yes
- Elevator
- No
Exterior Features
- Pool
- None
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
Construction
- Exterior Finish
- Stucco (Plaster)
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 110.57 ft
- Lot Depth
- 130.00 ft
- Lot Size
- 14374.1
Inclusions
- Inclusions
- Four Fridges, Four Stoves, Four Washers, Four Dryers
Exclusions
- Exclusions
- All tenant belongings
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 10
- Parking Spaces
- 10
- Total Garage And Parking Spaces
- 10
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Baseboard
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 12
- Washrooms
- 4
- Kitchens
- 4
- Family / bonus room
- Yes
Washrooms
- 4-piece
- Municipality
- Welland
- Neighbourhood
- Lincoln/Crowland
- Main cross streets
- King St/Third St
- Zoning
- INSH
- Directions
- North East corner of King St/Third St
- MLS® number
- X12251578
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2025-09-30
- Listed on
- 2025-06-27
- Days on market
- 95 days
- Possession type
- Flexible
- Co-op commission
- 2.0%+HST
- Seller
- Listed by
- eXp Realty
Home Market Value
Current home valuation for 480 King Street, Welland, Lincoln/Crowland, Welland, ON. Listed for $975,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 480 King Street, Welland, Lincoln/Crowland
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $475,000 over $500K
$72,500
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $36,075 | $27,203 | $23,205 | $0 |
=Total mortgage | $937,950 | $904,703 | $851,955 | $780,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,580monthly | $4,417monthly | $4,160monthly | $3,808monthly |
Land Transfer Tax
$15,975
$15,975
Around this home
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