35 Ontario Road Welland (Lincoln/crowland), Ontario L3B 5C1
$1,099,000
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." (id:43681)
房源概要
| MLS® Number | X13049732 |
| 房源类型 | Retail |
| 社区名字 | 773 - Lincoln/Crowland |
| 附近的便利设施 | Highway, 公共交通 |
详 情
| 空调 | Partially Air Conditioned |
| 供暖方式 | 天然气 |
| 供暖类型 | 压力热风 |
| 内部尺寸 | 8000 Sqft |
| 类型 | Residential Commercial Mix |
| 设备间 | 市政供水 |
土地
| 英亩数 | 无 |
| 土地便利设施 | Highway, 公共交通 |
| 土地深度 | 165 Ft |
| 土地宽度 | 70 Ft ,4 In |
| 不规则大小 | 70.41 X 165 Ft |
| 规划描述 | Insh, Cc2 |
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Niagara Association of REALTORS®
Cosmopolitan Realty
May 06 2026 04:56:21
