35 Ontario Road
Welland, ON
- 8,000 sqft
- Store W Apt/Office
- 131 days on market
PRICED BELOW REPLACEMENT COST - HIGH-YIELD VALUE-ADD OPPORTUNITY! Approx. 8,000 SQ. FT. MIXED-USE BUILDING generating $103,000+ NET ANNUAL INCOME (9.4% CAP) with a clear path to approximately $121,000 (11%+ CAP) through strategic rent optimization and minor improvements. Featuring 4 RESIDENTIAL UNITS & 3 COMMERCIAL UNITS, this asset offers stable cash flow with exceptional upside. CC2 (COMMUNITY COMMERCIAL) ZONING permits a wide range of HIGH-DEMAND USES, including restaurants, take-out, day care, convenience store, retail, offices, medical, and fitness. ALSO PROPOSED DRAWINGS AVAILABLE to convert approx. 4,000 SQ. FT. MAIN FLOOR INTO 4 RESIDENTIAL UNITS + 1 COMMERCIAL UNIT, providing a rare opportunity to maximize density and income or execute your own vision. Commercial units are month-to-month, consistently rented yet underutilized (currently storage use), offering immediate repositioning potential with limited competition within ~0.5 KM. Located in a rapidly growing area near a 300,000+ SQ. FT. manufacturing facility and new residential developments, supporting long-term demand and appreciation. Additional upside includes rear expansion potential and possible third-floor addition. A rare opportunity for investors or builders seeking strong cash flow, flexibility, and scalable returns. Property sold "as is, where is."
Listing Details
- Taxes (2025)
- $12,400
- Listed
- April 27, 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
- $531,250
- 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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