35 Ontario Road, Welland, ON L3B 5C1

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 7.2% CAP rate, generating $80,000+ in annual net income, with potential to increase to approximately $122,000-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 and 1 unit as a barbershop.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.

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).

Cross Street: Canal Bank St - Ontario Rd