35 Ontario Road, Welland, ON L3B 5C1
$1,099,000
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
Property
| Lot width | 70.41 |
| Lot depth | 165 |
Power & Services
| Heating type | Gas Forced Air Open |
| Utilities | Yes |
Residential
| Garage | Outside/Surface |
Zoning & Taxes
| Taxes / yr | $12,400 |
| Tax year | 2025 |
Book a viewing or ask us anything — a Central Commercial Realty agent will respond within one business day.
Data provided by TRREB. Listed by COSMOPOLITAN REALTY.