35 Ontario Road

Welland, L3B 5C1
FOR SALE
$1,250,000
35 Ontario Road, Welland
35 Ontario Road
35 Ontario Road
35 Ontario Road
35 Ontario Road
35 Ontario Road
35 Ontario Road
35 Ontario Road
35 Ontario Road
35 Ontario Road
35 Ontario Road
35 Ontario Road
35 Ontario Road
35 Ontario Road
35 Ontario Road
Store W Apt/Office
CATEGORY
8,000 Sq Ft
TOTAL AREA
X12082610
MLSID
Contact Us
Property Description
Exceptional Investment Opportunity 8.6% CAP Rate with Room to Grow!Discover 35 Ontario Road, a fully leased, mixed-use gem offering strong cash flow and future upside. Perfectly positioned in central Welland, directly across from a new 300K sqft heavy manufacturing/warehousing facility on 36 acres. This solid investment currently yields an 8.6% CAP rate, with the potential to reach 10% through expansion or rental optimization. The property includes 4 self-contained residential units (3 two-bedroom, 1 three-bedroom) each with private entrances and separate hydro meters plus 2 street-level commercial spaces and a large garage at the back. Its high-traffic location is ideal for retail or a convenience store, with no direct competition nearby and a growing residential base. Nestled beside a new community of 100+ townhomes by Multani Homes and adjacent to a future 23-unit apartment development, this property sits at the center of Welland's booming growth. The deep 165 ft lot offers impressive development potential zoning allows up to 8 stories, with plans available for an additional 4 residential units. A newer roof (2017) and on-site parking for up to 20 vehicles make this a low-maintenance, turn-key asset. Minutes from the Welland Canal, transit, highways, and major projects like Empire Homes, this is an unbeatable opportunity for investors seeking both immediate returns and long-term appreciation. Information Brochure available in the Listing Attachments.
Property Details
Address
35 Ontario Road
Postal Code
L3B 5C1
Property Type
Store W Apt/Office, Store W Apt/Office
Use
Store With Apt/Office
Zoning
INSH, CC2
Lot Size
70' x 165'
Total Area
8,000 Sq Ft
Office Area
4,000 Sq Ft
Retail Area
4,000 Sq Ft
Taxes
$8,000 (2024
Heat Type
Gas Forced Air Open
Water
Municipal
Parking Spaces
20
Garage Type
Outside/Surface
Listing contracted with Cosmopolitan Realty
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