35 Ontario Road Welland (Lincoln/crowland), Ontario L3B 5C1

$1,099,000

Priced Below Replacement Cost! Approx. 8,000 sq. ft. mixed-use building with strong in-place income and significant upside. Currently generating $103,000+ net annual income (9.4% CAP), with a clear path to increase to approximately $121,000 (up to 11.05% CAP) through strategic rent adjustments and minor improvements. This is a true value-add asset requiring no major construction - ideal for investors seeking immediate cash flow with scalable upside, or builders looking to enhance and reposition for higher returns.The property features 4 residential units and 3 commercial units, delivering stable income today with multiple avenues for future growth. Positioned in a rapidly developing area near a 300,000+ sq. ft. manufacturing facility and newly built residential communities, the location supports continued demand and long-term appreciation. Multiple additional upside potentials include expansion at the rear of the property, the opportunity to add a third floor, and the ability to reconfigure the main floor to increase residential density - with concept plans available to support a higher and more efficient use of the asset. A rare opportunity to secure a high-yield asset with immediate income, strong fundamentals, and redevelopment potential. Building offered "as is, where is" condition. (id:43681)

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https://www.realtor.ca/real-estate/29662724/35-ontario-road-welland-lincolncrowland-773-lincolncrowland