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35 Ontario Road Welland, Ontario L3B 5C1

4 Bedroom 9,000 ft2 sq. ft
Partially Air Conditioned Other

$1,299,000

Prime Investment Opportunity High CAP Rate with Growth Potential!Welcome to 35 Ontario Road, a high-yield, mixed-use property in the heart of Welland, located directly across from the 300,000 sq. ft. Linamar Giga Casting Factory, which is near completion and set to open in February 2025, bringing 200+ jobs and a significant boost to the local economy. This fully tenanted property delivers a strong 6.5% CAP rate, with the potential to grow to an impressive 9.2% CAP rate through expansion or optimizing rental income. It features 4 residential apartments (3 two-bedroom and 1 three-bedroom, all with private entrances and separate hydro meters) and 2 commercial units on the ground floor, with one unit currently owner-occupied, a perfect opportunity for a buyer to establish their own business. The property's prime location makes it ideal for a convenience store/retail store, as there are no similar businesses nearby, ensuring a strong demand and steady customer flow. Situated next to a brand-new subdivision of over 100 townhomes by Multani Homes and adjacent to a site plan-approved lot for a 23-unit apartment development, this property is ideally positioned to benefit from the area's dynamic growth and increasing demand. The 165 ft deep lot offers incredible development potential, with zoning permitting up to 8 stories and drawings available for adding 4 more residential units. A well-maintained and newer roof (2017) makes this a low-maintenance, turnkey investment. Located near Welland Canal, public transit, major highways, and large-scale developments like Empire Homes, this property ensures consistent tenant interest. Include parking for up to 20 vehicles. Don't miss this rare opportunity to capitalize on immediate returns and long-term growth in Niagaras thriving market. .Information Brochure is attached to the Listing. (id:38042)

Property Details

MLS® Number X11931189
Property Type Retail
Community Name 773 - Lincoln/Crowland
Amenities Near By Highway, Public Transit
Parking Space Total 20

Building

Bedrooms Total 4
Cooling Type Partially Air Conditioned
Heating Fuel Natural Gas
Heating Type Other
Size Exterior 9000 Sqft
Size Interior 9,000 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
Size Irregular Bldg=70 X 165 Ft
Size Total Text Bldg=70 X 165 Ft
Zoning Description Insh, Cc2

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January 20 2025 12:54:44

Niagara Association of REALTORS®

Cosmopolitan Realty