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    For Sale - 35 Ontario Road, Welland, Ontario

    Est payment $5,277/mo
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    Time on Jump  1 days




    Investor/builder/contractor alert: strong value-add mixed-use investment offering immediate cash flow and significant upside. The property is currently operating at an approximate 9. 4% cap rate, generating $103,000+ in annual net income, with potential to increase to approximately $121,000-an estimated 11% cap-through cosmetic improvements and market rent adjustments. The approximately 8,000 sq. Ft. Building is priced below replacement cost and offered "as is, where is." it consists of 4 residential and 3 commercial units. The commercial units are rented month-to-month, with consistent rent collection, but are currently underutilized and primarily used for storage. Cc2 community commercial zoning permits a wide range of income-producing uses, including restaurants, daycare, take-out food, convenience stores, retail, offices, medical clinics, fitness facilities, etc. The location offers excellent potential for a convenience store or take-out concept, with no similar businesses within approximately 0. 5 km. Located near major new developments-including a 300,000+ sq. Ft. Manufacturing facility and new townhome communities-the property benefits from continued area growth. Additional upside may include adding units at the rear, constructing a third floor, or converting the main floor into four residential units and one commercial unit (subject to buyer due diligence; concept drawings available for reference). Concept drawings and the information brochure are attached to the listing.
    Listing IDX13662934
    Address35 Ontario Road
    CityWelland, Ontario
    Price$1,099,000
    StyleStore W Apt/Office
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Store W Apt/OfficeCommunity Features Major Highway, Public TransitBasement 1Heating / Cooling Gas Forced Air Open

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    Listing Agency:  COSMOPOLITAN REALTY

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    35 Ontario Road
    Welland , Ontario
    $1,099,000
    Get more info