35 Ontario Road
Welland, ON
- 8,000 sqft
- Store W Apt/Office
- 178 days on market
Investor/Builder/Contractor Alert: 8000 sqft Building priced below replacement cost! 9.4% CAP Rate with $103,000+ Net Income and Potential to boost income to $121,000 with projected upto 11.05% CAP. Mixed-use investment opportunity offering immediate cash flow with clear value-add upside. The property currently generates $103,000+ in net annual income. Building does need some improvements and rent adjustments to market levels, there is a realistic opportunity to increase net income to approximately $121,000.This is a low-lift value-add opportunity with no major construction required, making it attractive for investors, builders, and contractors looking to enhance value through strategic improvements, stabilize income, and potentially refinance or hold for long-term cash flow.The property currently consists of 4 residential units and 3 commercial units within an approximately 8,000 sq. ft. building, offering in-place income with clear value-add potential. Strategically located near major new developments, including a 300,000+ sq. ft. manufacturing facility and newly built residential townhome communities, the asset benefits from continued area growth and demand. There is additional upside potential, including the possibility to add more units at the rear of the property, construct a third floor, and potentially convert the main floor into four residential apartments and one commercial unit. Concept drawings are available for reference. The information brochure is attached to the Listing.
Listing Details
- Taxes (2025)
- $12,400
- Listed
- March 5, 2026
Price History
Listing history
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Property
- Lot Size
- 70.41 x 165 Feet
Parking
- Garage
- Outside/Surface
Location & Legal
- Cross Street
- Canal Bank St - Ontario Rd
- Zoning
- INSH, CC2
- Parcel Number
- 641220128
- Possession
- Immediate
- Occupancy
- Owner+Tenant
Commercial
- Office / Apartment Area
- 4000 Sq Ft
Included
- Exclusions
- Tenants Items
Community
Postal area L3B
- Population
- 25,869
- Private dwellings
- 11,617
- Median age
- 43.2
- Average household size
- 2.3
- Median household income
- $66,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Welland · last 12 months
- Median sold price
- $532,750
- Homes sold
- 756
- Median days on market
- 33
- Sale-to-list price
- 96.3%
Based on 756 recorded sales of commercial properties in Welland over the last 12 months.
Listed by
COSMOPOLITAN REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 8,000 sq ft
- Price per sq ft
- $137.38
- Annual property tax
- $12,400
- Tax per sq ft
- $1.55
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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