More Photos

×

    For Sale - 35 Ontario Road, Welland, Ontario

    Est payment $5,277/mo
    Get pre-qualified
    Views   2
    Time on Jump  45 day

    AI Summary *

    • Great mixed-use property with immediate cash flow and room for growth.
    • Currently generating over $80,000 in annual net income with potential for more.
    • Located near new developments, ensuring continued area growth and demand.
    • Versatile zoning allows for various income-producing business opportunities.
    • Opportunity to enhance value through cosmetic updates and property adjustments.




    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 7. 2% cap rate, generating $80,000+ in annual net income, with potential to increase to approximately $122,000-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 and 1 unit as a barbershop. 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

    ASAP

    Sat

    26

    Sep

    Sun

    27

    Sep

    Mon

    28

    Sep

    Tue

    29

    Sep

    Wed

    30

    Sep

    Thu

    1

    Oct

    Fri

    2

    Oct

    Sat

    3

    Oct

    Sun

    4

    Oct

    Mon

    5

    Oct

    Tue

    6

    Oct

    Wed

    7

    Oct

    Thu

    8

    Oct

    Fri

    9

    Oct

    Sat

    10

    Oct

    Sun

    11

    Oct

    Mon

    12

    Oct

    Tue

    13

    Oct

    Wed

    14

    Oct

    Thu

    15

    Oct

    Fri

    16

    Oct

    Sat

    17

    Oct

    Sun

    18

    Oct

    Mon

    19

    Oct

    Tue

    20

    Oct

    Wed

    21

    Oct

    Thu

    22

    Oct

    Fri

    23

    Oct

    Sat

    24

    Oct

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    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.

    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    132 Westcott Road
    Welland, Ontario.
    3 Beds | 3 Baths
    $1,079,000
    760 Cope Road
    Welland, Ontario.
    3 Beds | 2 Baths
    $1,149,000
    149 Willowbrook Drive
    Welland, Ontario.
    5 Beds | 3 Baths
    $1,145,900
    42 Carlton Avenue
    Welland, Ontario.
    4 Beds | 3 Baths
    $1,199,000
    156 Shoreview Drive
    Welland, Ontario.
    4 Beds | 3 Baths
    $1,210,000
    229 Midland Place
    Welland, Ontario.
    4 Beds | 4 Baths
    $1,100,000
    239 Midland Place
    Welland, Ontario.
    4 Beds | 5 Baths
    $1,210,000
    374 Hillsdale Road
    Welland, Ontario.
    4 Beds | 4 Baths
    $1,150,000
    74 Montgomery Road
    Welland, Ontario.
    4 Beds | 4 Baths
    $1,158,500
    Loading...
    35 Ontario Road
    Welland , Ontario
    $1,099,000
    Get more info