35 Ontario Road Welland, Ontario L3B 5C1
$1,250,000
Exceptional Investment Opportunity 8% CAP Rate with Room to Grow!Discover 35 Ontario Road, a fully leased, mixed-use gem offering strong cash flow and future upside. Perfectly positioned in central Welland, directly across from the soon-to-open Linamar Giga Casting Factory a 300,000 sq. ft. facility launching in February 2025 and bringing over 200 new jobs to the area. This solid investment currently yields an 8% CAP rate, with the potential to reach 9.4% through expansion or rental optimization. The property includes 4 self-contained residential units (3 two-bedroom, 1 three-bedroom) each with private entrances and separate hydro meters plus 2 street-level commercial spaces, one of which is owner-occupied, offering a fantastic opportunity for entrepreneurs looking to set up shop. Its high-traffic location is ideal for retail or a convenience store, with no direct competition nearby and a growing residential base. Nestled beside a new community of 100+ townhomes by Multani Homes and adjacent to a future 23-unit apartment development, this property sits at the center of Wellands booming growth. The deep 165 ft lot offers impressive development potential zoning allows up to 8 stories, with plans available for an additional 4 residential units. A newer roof (2017) and on-site parking for up to 20 vehicles make this a low-maintenance, turn-key asset. Minutes from the Welland Canal, transit, highways, and major projects like Empire Homes, this is an unbeatable opportunity for investors seeking both immediate returns and long-term appreciation. Information Brochure available in the Listing Attachments. (id:50877)
Property Details
| MLS® Number | X12082610 |
| Property Type | Retail |
| Community Name | 773 - Lincoln/Crowland |
| Amenities Near By | Highway, Public Transit |
| Parking Space Total | 20 |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 8,000 Ft2 |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 165 Ft |
| Size Frontage | 70 Ft ,4 In |
| Size Irregular | 70.41 X 165 Ft |
| Size Total Text | 70.41 X 165 Ft |
| Zoning Description | Insh, Cc2 |
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April 15 2025 02:55:12
Niagara Association of REALTORS®
Cosmopolitan Realty