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    For Sale - 35 Ontario Road, Welland, Ontario

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

    AI Summary *

    • Investment opportunity with attractive 9.40% current CAP rate.
    • Potential to increase income with below market residential rents.
    • Flexible zoning allows for various commercial and residential uses.
    • Options to add value through conversions or additional units.
    • Solid existing cash flow with redevelopment potential available.




    Investor / builder alert 9. 40% cap + 11. 27% potential cap! High-yield mixed-use opportunity with major upside! Approx. 8,000 sq. Ft. Property featuring 4 residential + 3 commercial units on a large 70. 41' x 165' lot. Currently generating approximately $103,350 net income, representing an attractive 9. 40% cap rate. With two residential units currently below market rent, projected income can increase to approximately $148,572 annually with $123,870 net income - potential 11. 27%+ cap. Multiple ways to add value: convert the main floor into 4 apartments + 1 commercial unit, explore additional units at the rear, or potentially add a third floor, subject to approvals. Flexible cc2 community commercial zoning supports numerous income-producing uses, including restaurant, retail, grocery, daycare, medical/clinic, offices, fitness, hospitality, residential and more. Priced below replacement cost with strong existing cash flow, flexible zoning and significant redevelopment potential. A rare opportunity for investors, builders or owner-users looking to increase income and long-term value. Sold "as is, where is".
    Listing IDX13874368
    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 Brokerage: COSMOPOLITAN REALTY

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