35 Ontario Road, Welland, ON L3B 5C1
Welland
Investor/Builder/Contractor Alert: Strong value-add mixed-use investment offering immediate cash flow and significant upside. The property is currently operating at an approximate 9.4% CAP rate, generating $103,000+ in annual net income, with potential to increase to approximately $121,000-an estimated 11% CAP-through cosmetic improvements and market rent adjustments. The approximately 8,000 sq. ft. building is priced below replacement cost and offered "as is, where is." It consists of 4 residential and 3 commercial units. The commercial units are rented month-to-month, with consistent rent collection, but are currently underutilized and primarily used for storage.CC2 Community Commercial zoning permits a wide range of income-producing uses, including restaurants, daycare, take-out food, convenience stores, retail, offices, medical clinics, fitness facilities, etc. The location offers excellent potential for a convenience store or take-out concept, with no similar businesses within approximately 0.5 km. Located near major new developments-including a 300,000+ sq. ft. manufacturing facility and new townhome communities-the property benefits from continued area growth. Additional upside may include adding units at the rear, constructing a third floor, or converting the main floor into four residential units and one commercial unit (subject to buyer due diligence; concept drawings available for reference). Concept drawings and the information brochure are attached to the listing.
Estimate only - excludes property tax, condo fees, utilities and home insurance. Rates vary by lender and term; based on semi-annual compounding.
Walkability, transit, and bike-friendliness for 35 Ontario Road, Welland, ON L3B 5C1
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MLS# X13662934
Listed by COSMOPOLITAN REALTY
On market since Aug 11, 2026
What comparable homes actually sold for in the last 12 months.
35 Ontario Road, Welland, ON L3B 5C1 is listed for $1,099,000 CAD.
35 Ontario Road, Welland, ON L3B 5C1 is a Store W Apt/Office, 8,000 sq ft.
35 Ontario Road, Welland, ON L3B 5C1 is in Welland, Ontario.
35 Ontario Road, Welland, ON L3B 5C1 is currently for sale.
Contact Michael Mezheritsky at +1 (416) 716-4439 to arrange a private showing of 35 Ontario Road, Welland, ON L3B 5C1 (MLS# X13662934). You can also send a message through the contact form on this site.
