Menu
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:51158)
| MLS® Number | X12082610 |
| Property Type | Retail |
| Community Name | 773 - Lincoln/Crowland |
| Amenities Near By | Highway, Public Transit |
| Parking Space Total | 20 |
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Other |
| Size Interior | 8000 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
| 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 |
Get More info About:35 Ontario Road Welland (773 - Lincoln/crowland), Mls# X12082610
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
