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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  10 day

    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

    * 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