OFF MARKET

Off market

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480 King St, Welland, ON L3B 3K7

About this home

This home is currently off market and not for sale.

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.

Single-familyProperty Type

10 spacesParking

Listed by ANDREW ODOARDI • EXP REALTY

Listed by Sestino Kazimierz Christian Vinelli • EXP REALTY

Source:TREB #X12251578

Market trends in Cordage, ON

Last updated October 2026

Sale-to-list price

Median sale price

Avg. days on market

Recently sold homes

Provided by Redfin

Sale history for 480 King St

Date

Event

Price

TREB #X12251578

Oct 1, 2025

Delisted

—

Jun 27, 2025

Listed

$975,000

+34

Property details

Around this home

Schools

0.5km

Plymouth Public School

Public, JK-8 • Assigned

2.1km

Notre Dame College School

Public, 9-12 • Assigned

Provided by Local Logic

Lifestyle

Provided by Walk Score and Local Logic

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Nearby similar homes

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Home values near 480 King St

Data from public records.

Address
517 King Street Apartment 2, Welland, ON - Beds \| - Baths \| - Sq. Ft.
444 King Street, Welland, ON - Beds \| - Baths \| - Sq. Ft.
484 King Street, Welland, ON - Beds \| - Baths \| - Sq. Ft.
464 King Street Apartment 2, Welland, ON - Beds \| - Baths \| - Sq. Ft.
464 King Street Apartment 10, Welland, ON - Beds \| - Baths \| - Sq. Ft.
446 King Street, Welland, ON - Beds \| - Baths \| - Sq. Ft.
29 Second Street, Welland, ON - Beds \| - Baths \| - Sq. Ft.

Address
444 King Street Apartment 2, Welland, ON - Beds \| - Baths \| - Sq. Ft.
482 King Street, Welland, ON - Beds \| - Baths \| - Sq. Ft.
515 King Street, Welland, ON - Beds \| - Baths \| - Sq. Ft.
464 King Street Apartment 5, Welland, ON - Beds \| - Baths \| - Sq. Ft.
464 King Street Apartment 3, Welland, ON - Beds \| - Baths \| - Sq. Ft.
16 Second Street, Welland, ON - Beds \| - Baths \| - Sq. Ft.
15 Second Street Apartment 1, Welland, ON - Beds \| - Baths \| - Sq. Ft.

Address
486 King Street, Welland, ON - Beds \| - Baths \| - Sq. Ft.
464 King Street, Welland, ON - Beds \| - Baths \| - Sq. Ft.
484 King Street Apartment 2, Welland, ON - Beds \| - Baths \| - Sq. Ft.
464 King Street Apartment 7, Welland, ON - Beds \| - Baths \| - Sq. Ft.
464 King Street Apartment 1, Welland, ON - Beds \| - Baths \| - Sq. Ft.
30 Third Street, Welland, ON - Beds \| - Baths \| - Sq. Ft.
15 Second Street Apartment 6, Welland, ON - Beds \| - Baths \| - Sq. Ft.

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