35 Ontario Road Welland, Ontario L3B 5C1
$1,099,000
PRICED BELOW REPLACEMENT COST - HIGH-YIELD VALUE-ADD OPPORTUNITY! Approx. 8,000 SQ. FT. MIXED-USE BUILDING generating $103,000+ NET ANNUAL INCOME (9.4% CAP) with a clear path to approximately $121,000 (11%+ CAP) through strategic rent optimization and minor improvements. Featuring 4 RESIDENTIAL UNITS & 3 COMMERCIAL UNITS, this asset offers stable cash flow with exceptional upside. CC2 (COMMUNITY COMMERCIAL) ZONING permits a wide range of HIGH-DEMAND USES, including restaurants, take-out, day care, convenience store, retail, offices, medical, and fitness. ALSO PROPOSED DRAWINGS AVAILABLE to convert approx. 4,000 SQ. FT. MAIN FLOOR INTO 4 RESIDENTIAL UNITS + 1 COMMERCIAL UNIT, providing a rare opportunity to maximize density and income or execute your own vision. Commercial units are month-to-month, consistently rented yet underutilized (currently storage use), offering immediate repositioning potential with limited competition within ~0.5 KM. Located in a rapidly growing area near a 300,000+ SQ. FT. manufacturing facility and new residential developments, supporting long-term demand and appreciation. Additional upside includes rear expansion potential and possible third-floor addition. A rare opportunity for investors or builders seeking strong cash flow, flexibility, and scalable returns. Property sold "as is, where is." (id:50964)
Property Details
| MLS® Number | X13049732 |
| Property Type | Retail |
| Community Name | 773 - Lincoln/Crowland |
| Amenities Near By | Highway, Public Transit |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 8,000 Ft2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 165 Ft |
| Size Frontage | 70 Ft ,4 In |
| Size Irregular | 70.41 X 165 Ft |
| Size Total Text | 70.41 X 165 Ft |
| Zoning Description | Insh, Cc2 |
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May 06 2026 04:56:21
Niagara Association of REALTORS®
Cosmopolitan Realty