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Active
35 ONTARIO RD Welland, ON L3B 5C1
4 Beds
8,000 SqFt
UPDATED:
01/20/2025 09:49 PM
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 $162
Subdivision 773 - Lincoln/Crowland
MLS Listing ID X11931189
Bedrooms 4
Annual Tax Amount $8,000
Tax Year 2024
Property Description
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 1 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.
Location
Province ON
County Niagara
Community 773 - Lincoln/Crowland
Area Niagara
Zoning INSH, CC2
Rooms
Kitchen 0
Interior
Cooling Partial
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 70.0
Lot Depth 165.0
Building
New Construction false
Others
Senior Community No
Security Features No
Listed by COSMOPOLITAN REALTY
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