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".
| Listing Key: | X13874368 |
|---|---|
| List Price: | $1,099,000 |
| Property Type: | Commercial |
| Property Sub Type: | Store W Apt/Office |
| Property Status: | Active |
| Bathrooms Total Integer: | 0 |
| Tax Annual Amount: | $12,400 |
| Waterfront?: | No |
| City: | Welland |
| City Region: | 773 - Lincoln/Crowland |
| Postal Code: | L3B 5C1 |
| Basement Yn: | Yes |
| Building Area Total: | 8000.0 |
| Building Area Units: | Sq Ft Divisible |
| City Region: | 773 - Lincoln/Crowland |
| Community Features: | Major Highway, Public Transit |
| Contract Status: | Available |
| Cooling: | Partial |
| Cross Street: | Canal Bank St - Ontario Rd |
| Ddfyn: | Yes |
| Exclusions: | Tenants Items |
| Freestanding Yn: | Yes |
| Garage Type: | Outside/Surface |
| Heat Type: | Gas Forced Air Open |
| Holdover Days: | 90 |
| Hst Application: | In Addition To |
| Listing Contract Date: | 2026-10-07 |
| Listing Key: | X13874368 |
| List Price Unit: | For Sale |
| Lot Depth: | 165.0 |
| Lot Size Source: | MPAC |
| Lot Size Units: | Feet |
| Lot Type: | Lot |
| Lot Width: | 70.41 |
| Status: | New |
| Office Apartment Area: | 4,000.0 |
| Office Apartment Area Unit: | Sq Ft |
| Original List Price: | $1,099,000 |
| Parcel Number: | 641220128 |
| Possession Details: | Immediate |
| Property Use: | Store With Apt/Office |
| Retail Area: | 4,000.0 |
| Retail Area Code: | Sq Ft |
| Roll Number: | 271906001108000 |
| Security Features: | No |
| State Or Province: | ON |
| Tax Type: | Annual |
| Tax Year: | 2025 |
| Transaction Type: | For Sale |
| Utilities: | Yes |
| Water: | Municipal |
| Zoning: | INSH, CC2 |
| Directions: | From Thorold, take Highway 406 S toward Welland. Exit at East Main Street (Regional Rd 27) and turn left. Continue straight to Ontario Road, turn left, and you'll find 35 Ontario Rd on your right (across from the Linamar Giga Casting Factory). |
| Lot Size Area Units: | SquareFeet |
| Possession Type: | Immediate |
| Heat Type Multi: | Gas Forced Air Open |
| County Or Parish: | Niagara |
| City: | Welland |
Listing Courtesy of: COSMOPOLITAN REALTY
Listing Agent:
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Toronto Real Estate Board data last updated on October 08, 2026 05:07 PM - ET.
Property Last Updated: October 08, 2026 05:07 PM - ET
