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35 Ontario RD Welland, ON L3B 5C1
8,000 SqFt
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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 X13662934
Annual Tax Amount $12,400
Tax Year 2025
Property Sub-Type Store W Apt/Office
Property Description
Investor/Builder/Contractor Alert: Strong value-add mixed-use investment offering immediate cash flow and significant upside. The property is currently operating at an approximate 9.4% CAP rate, generating $103,000+ in annual net income, with potential to increase to approximately $121,000-an estimated 11% CAP-through cosmetic improvements and market rent adjustments. The approximately 8,000 sq. ft. building is priced below replacement cost and offered "as is, where is." It consists of 4 residential and 3 commercial units. The commercial units are rented month-to-month, with consistent rent collection, but are currently underutilized and primarily used for storage.CC2 Community Commercial zoning permits a wide range of income-producing uses, including restaurants, daycare, take-out food, convenience stores, retail, offices, medical clinics, fitness facilities, etc. The location offers excellent potential for a convenience store or take-out concept, with no similar businesses within approximately 0.5 km. Located near major new developments-including a 300,000+ sq. ft. manufacturing facility and new townhome communities-the property benefits from continued area growth. Additional upside may include adding units at the rear, constructing a third floor, or converting the main floor into four residential units and one commercial unit (subject to buyer due diligence; concept drawings available for reference). Concept drawings and the information brochure are attached to the listing.
Location
State 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
Nearby Locations