$1,099,000
( $137.38Per Sq Foot )
 $5,900 est/mo Sourced by Back At You

35 Ontario Road,Welland, ON L3B 5C1

Welland, ON L3B 5C1

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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".

Details

MLS #X13874368
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site38
Listing Provided ByCOSMOPOLITAN REALTY | X13874368 382100

Features

SQ Feet8,000
Acreage0.18

Interior

CoolingPartial

Exterior

Community FeaturesMajor Highway, Public Transit
Security FeaturesNo

Utilities

UtilitiesYes

Taxes

Tax Annual Amount12400
Tax TypeAnnual
Tax Legal DescriptionPT LTS 209, 210 & 211 PL 565 PART 1 59R17218 CITY OF WELLAND
Tax Year2025

Area Information

ProvinceON
CountyNiagara
CityWelland
Postal CodeL3B 5C1
Area773 Lincoln | Crowland
Listing VS Median (in L3B 5C1)
Price:
$1,099,000
low | high
Med:
$1,099,000
50% of Average
sqft:
8,000
low | high
Med:
8,000
50% of Average
$ / sqft:
$137
low | high
Med:
$137
50% of Average
On site:
38
low | high
Med:
38
100% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

LISA CRAWFORD

LISA CRAWFORD, REALTOR®

Coldwell Banker The Real Estate Centre

 (905) 251-3617lisa@lisalivingrealestate.com
ProvinceON
CountyNiagara
CityWelland
Postal CodeL3B 5C1
Area773 Lincoln | Crowland
Listing VS Median (in L3B 5C1)
Price:
$1,099,000
low | high
Med:
$1,099,000
50% of Average
sqft:
8,000
low | high
Med:
8,000
50% of Average
$ / sqft:
$137
low | high
Med:
$137
50% of Average
On site:
38
low | high
Med:
38
100% of Average
Sourced by Back At You
Listing Updated: October 7, 2026 at 6:25:35 PM PDT