35 Ontario RD Active Save Request In-Person Tour Request Virtual Tour
Welland,ON L3B 5C1
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $156
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X12082610
Annual Tax Amount $8,000
Tax Year 2024
Property Sub-Type Store W Apt/Office
Property Description
Exceptional Investment Opportunity 8% CAP Rate with Room to Grow!Discover 35 Ontario Road, a fully leased, mixed-use gem offering strong cash flow and future upside. Perfectly positioned in central Welland, directly across from the soon-to-open Linamar Giga Casting Factory a 300,000 sq. ft. facility launching in February 2025 and bringing over 200 new jobs to the area. This solid investment currently yields an 8% CAP rate, with the potential to reach 9.4% through expansion or rental optimization. The property includes 4 self-contained residential units (3 two-bedroom, 1 three-bedroom) each with private entrances and separate hydro meters plus 2 street-level commercial spaces, one of which is owner-occupied, offering a fantastic opportunity for entrepreneurs looking to set up shop. Its high-traffic location is ideal for retail or a convenience store, with no direct competition nearby and a growing residential base. Nestled beside a new community of 100+ townhomes by Multani Homes and adjacent to a future 23-unit apartment development, this property sits at the center of Wellands booming growth. The deep 165 ft lot offers impressive development potential zoning allows up to 8 stories, with plans available for an additional 4 residential units. A newer roof (2017) and on-site parking for up to 20 vehicles make this a low-maintenance, turn-key asset. Minutes from the Welland Canal, transit, highways, and major projects like Empire Homes, this is an unbeatable opportunity for investors seeking both immediate returns and long-term appreciation. Information Brochure available in the Listing Attachments.
Location
Province ON
County Niagara
Community 773 - Lincoln/Crowland
Area Niagara
Zoning INSH, CC2
Interior
Cooling Partial
Exterior
Community Features Major Highway,Public Transit
Utilities Available Yes