247 King St is a 6-bedroom, 3-bathroom fourplex in Welland, listed for $749,900. It has 3500-5000 sq ft of living space.
1A two-car garage currently configured as a functional workshop adds further flexibility to the property, whether retained for tenant use, leased separately, or repurposed to suit a new owner's vision.
2Another option would be re-creating the commercial unit into residential living.
Presenting a rare and compelling investment opportunity at 247 King Street in the heart of Welland, a well-positioned 4-plex offering three fully residential apartments and one versatile commercial unit, all situated on one of the city's most recognized and high-traffic corridors. The three residential apartments are each spacious two-bedroom, one-bathroom units, ideal for attracting long-term tenants such as young professionals, students, and families who are drawn to the convenience and energy of downtown Welland living. Loads of potential with this property with an unfinished basement space that can be renovated into a 5th unit with exceptional value-add potential, presenting a savvy investor with the opportunity to develop additional storage, utility, or future living space. A two-car garage currently configured as a functional workshop adds further flexibility to the property, whether retained for tenant use, leased separately, or repurposed to suit a new owner's vision. The commercial unit, presently operating as professional office space, rounds out this income-generating package with a steady and established presence, making the overall property a true mixed-use asset with four streams of potential revenue. Another option would be re-creating the commercial unit into residential living. Situated on King Street directly near Merritt Park and its multi-use amphitheatre , the property enjoys outstanding walkability and access to the local amenities that make downtown Welland so desirable including restaurants, banks, medical offices, and public transit stop just steps from the front door. Niagara College is within approximately five kilometres , ensuring consistent rental demand from students and college staff year round. Whether you are an experienced investor looking to expand your portfolio or a first-time buyer seeking a property with immediate income and long-term upside.
6 bedrooms, 3 bathrooms, about 3,500 sq ft, works out to roughly $214 per square foot. Chat with Zara if you'd like a deeper read on whether this fourplex fits your budget and timing.
Inside 247 King St
Every detail from the listing, in one place.
Type
Fourplex
Style
2-Storey
Living space
3500-5000 sq ftas stated on the listing
Parking
8 spacesYes garage
Basement
Unfinished
Features & systems
Parking & garage
Garage
Yes
Parking spaces
8
Interior
Basement
Unfinished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Fourplex
247 King St Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$3,684
/mo
based on the purchase price of $749,900
$149,980 cash
$599,920 financed
$505,290 total interest
Principal54%$599,920
Interest46%$505,290
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Similar homes for sale nearby in Welland
Other 6-bed homes for sale in Welland around $750K.
Average days on market45Homes sold in about 45 days on average.
Sale-to-list ratio96.3%On average, homes sold below asking.
Active listings463Homes for sale here right now.
Median vs prior 90 days+0.2%Compared with Apr 15 – Jul 14, 2026: prices up.
Based on 285 sales from Jul 14 – Oct 12, 2026 (217 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 247 King St
How much is 247 King St listed for?
247 King St is listed at $749,900 (MLS® X13247824). Summitly updates the price as soon as the MLS® record changes.
Is $749,900 a good price for 247 King St?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Welland. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 247 King St changed?
Yes — it was first listed at $789,900 and is now $749,900, a drop of $40,000 (5.1%).
How many bedrooms and bathrooms does 247 King St have?
247 King St has 6 bedrooms and 3 bathrooms, with about 3,500–5,000 square feet of living space. It is a fourplex in Welland.
How much would the monthly mortgage be on 247 King St?
About $3,684 a month — principal and interest on $749,900 with 20% down ($149,980), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 247 King St compare with other homes in Welland?
Its asking price of $749,900 is about 39% above the median sold price in Welland over the last 90 days, $539,900, across 285 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 247 King St been sold before?
Summitly has no earlier MLS® sale or lease of 247 King St on record from the last two years. Older records aren't shown under TRREB rules.
Where is 247 King St?
247 King St is in Welland, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 247 King St been on the market?
130 days — 247 King St was listed on June 4, 2026.
What is the price per square foot of 247 King St?
About $150 to $214 per square foot: the asking price of $749,900 over the 3,500–5,000 sq ft the listing gives as its size range.
Does 247 King St have parking or a garage?
Yes — the listing gives 8 parking spaces. Garage: Yes.
Does 247 King St have a basement, and is it finished?
The listing describes the basement as: Unfinished.
