Space
Finished area and layout
- Building Area
- 8,000 sqft
+18 more
8,000 sqft
Building Area
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- store w apt/office / Mixed Use
Lot
Land, frontage and setting
- Zoning
- INSH, CC2
Costs
Price, taxes and monthly charges
About This Property
This store w apt/office in Welland offers 8,000 sqft of building area. The property has zoned INSH, CC2. The home features partial.
MLS Remarks
INVESTOR / BUILDER ALERT 9.40% CAP + 11.27% potential CAP! HIGH-YIELD MIXED-USE OPPORTUNITY WITH MAJOR UPSIDE! Approx. 8,000 sq. ft. property featuring 4 residential + 3 commercial units on a large 70.41' x 165' lot. Currently generating approximately $103,350 NET INCOME, representing an attractive 9.40% CAP rate. With two residential units currently below market rent, projected income can increase to approximately $148,572 annually with $123,870 NET INCOME - potential 11.27%+ CAP. Multiple ways to add value: convert the main floor into 4 apartments + 1 commercial unit, explore additional units at the rear, or potentially add a third floor, subject to approvals. Flexible CC2 Community Commercial zoning supports numerous income-producing uses, including restaurant, retail, grocery, daycare, medical/clinic, offices, fitness, hospitality, residential and more. Priced below replacement cost with strong existing cash flow, flexible zoning and significant redevelopment potential. A rare opportunity for investors, builders or owner-users looking to increase income and long-term value. Sold "as is, where is".
Full Listing Details
Address35 Ontario Road, Welland, ON L3B 5C1
MLS#X13874368
Listing StatusNew
Property TypeCommercial
Sub-TypeStore w apt/office
TransactionSale
List DateOct 7, 2026
Days on Market18
Annual Tax$12,400 (2025)
Possession DetailsImmediate
StyleMixed Use
CityWelland
ProvinceOn
Postal CodeL3B 5C1
ZoningINSH, CC2
CoolingPartial
SecurityNo
UtilitiesYes
Annual Tax$12,400 (2025)
Tenants Items
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).
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