22
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$1,250,000
Est. payment /mo
8,000 SqFt
Active
35 Ontario RD Welland, ON L3B 5C1
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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
Lot Depth 165.0
Lot Front 70.41
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
Lot Frontage 70.41
Lot Depth 165.0
Others
Security Features No
Listed by COSMOPOLITAN REALTY
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