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New · Listed Oct 7, 2026 · 20 days on market

35 Ontario Road, Welland, ON L3B 5C1

$1,099,000

Commercial · Store W Apt/Office · 8000 sq ft · For Sale

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".

Property summary

TypeCommercial
SubtypeStore W Apt/Office
Building area8000 Sq Ft Divisible
Lot size70.41 × 165 ft
Taxes$12,400 / yr
GarageOutside/Surface
PossessionImmediate
OccupantTenant
Property
Lot width70.41
Lot depth165
Power & Services
Heating typeGas Forced Air Open
UtilitiesYes
Residential
GarageOutside/Surface
Zoning & Taxes
Taxes / yr$12,400
Tax year2025
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Data provided by TRREB. Listed by COSMOPOLITAN REALTY.

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CC Susan — Central Commercial
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