$1,324,900
Welland
214 King Street, Welland (Welland Downtown), Ontario, L3B3J7
This retail property in Welland is for sale offering roughly 11,324 sq ft of space. It has been on the market 71 days, fresher than the Welland average of 89 days.
Exceptional opportunity to acquire an extensively modernized 11,324 sq. ft. commercial property in Downtown Welland with access to 16 parking spaces via registered easement. The true value lies in the substantial investment made in the building's infrastructure, systems, and highly adaptable three-level configuration. Major improvements include 400-amp, 120/208V 3-phase electrical service, extensive multi-zone Mitsubishi commercial HVAC, energy recovery ventilation, upgraded plumbing and sanitary systems, commercial fire/life-safety systems, and significant security, access-control and technology infrastructure. Features include key-card/fob-controlled access to designated zones, alarm/video surveillance, network/data infrastructure and multiple wireless access points. The flexible interior incorporates office, studio, production, meeting, retail, employee and multi-purpose areas together with 10 washrooms. The second floor offers five private room/bedroom spaces, each with dedicated bathroom facilities, providing excellent flexibility for hospitality, lodging or other permitted uses, subject to applicable approvals. Zoned DMC - Downtown Mixed Use Centre, allowing a broad range of potential uses including office, medical/clinic, retail, restaurant, hotel/motel, recreation/fitness, educational, entertainment, community, residential and lodging-related uses, among others. Additional improvements include extensive commercial flooring, accessibility upgrades, a professionally redesigned exterior façade with restored brickwork and architectural detailing, exterior lighting/signage infrastructure, heavy-duty fencing and gated access. A highly adaptable downtown facility with substantial improvements already completed. More than conventional commercial space-the costly infrastructure and modernization are already in place. An outstanding opportunity for an owner-user, investor or organization seeking a highly adaptable downtown facility. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 71 days on market, against an average age of 89 days across the listings currently for sale in this city
This retail in Welland (Welland Downtown) has been listed for 71 days, which is 18 days fresher than the city average of 89. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,324,900, about 19.9× the local median household income of $66,500.
Carrying it typically needs a household income of about $258,799 (20% down, 25-yr amortization, stress-tested) — roughly 289% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3B)
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