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Additional details
$ 1,099,000
Est. payment /mo
New
35 Ontario RD Welland, ON L3B 5C1
8,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $137
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X13874368
Annual Tax Amount $12,400
Tax Year 2025
Property Sub-Type Store W Apt/Office
Property Description
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".
Location
Province ON
County Niagara
Area Niagara
Interior
Cooling Partial
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 70.41
Lot Depth 165.0
Others
Security Features No
ParcelsYN No
Listed by COSMOPOLITAN REALTY