Investment Opportunity in the Heart of the Rose City! 577 King Street offers a premier blend of high-exposure commercial potential and residential versatility, perfect for investors or business owners looking to live and work on-site. This strategically located property sits on a main transit artery just a 5-minute walk from the hospital and 7 minutes from highway access. The interior has been extensively updated with new flooring, fresh paint, renovated bathrooms, and a modern kitchen featuring a new fridge and air-fryer-equipped stove. Thoughtfully designed with accessibility in mind, the front entrance can be easily modified for wheelchair access.The building's layout is a standout feature, offering three separate entrances that provide a seamless path to converting the property into a duplex or triplex. With a projected rental income of $1,400 per 1-bedroom unit, plus an additional $200/month for the detached garage/workshop (complete with cement floors and electricity), this property boasts a potential gross monthly income of $4,400. Set in a high-growth area surrounded by new developments, this versatile gem offers endless possibilities. Note: Multi-unit conversion is subject to municipal approval; buyers to conduct their own due diligence regarding zoning and permits.
Percent of Building:
100
Property Type:
Commercial
Property Sub Type:
Commercial Retail
Freestanding:
Yes
Total Area:
1867 sq. ft. Square Feet
Total Area:
1,867 sq. ft.173 m2
Retail Area:
1867 sq. ft. Sq Ft
Lot Depth:
132'40.2 m
Lot Frontage:
28'8.53 m
Bedrooms:
4
Bathrooms:
1.0
Water supply:
Municipal
Kitchens:
1
Zoning:
CC2
Heating type:
Water Radiators
Heating Fuel:
Gas
Survey Available:
No
Garage:
Single Detached
Parking Spaces:
6
HST Applicable To Sale Price:
Not Subject to HST
Type Taxes:
Annual
Taxes:
$3,761 /
2025
Assessment:
$- /
-
Niagara
Welland
773 - Lincoln/Crowland
Public Transit
No
None
New Gas Stove, New SS Fridge, Fridge (20 years old) Washer(20 years old) Spare washer
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