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Listed price in listed location currency (CAD).
$1,099,000

000

MLS® X13874368

Overview

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage Outside/Surface
Taxes $12,400
Days Active 1
Lot Size 
Approx. Age 
MLS® Number X13874368

Property Address: 35 Ontario Rd, Welland, ON, L3B5C1

Average square foot calculated using Size range provided by listing agent.

Description

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".
MLS® NumberX13874368
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageOutside/Surface
Approx. Age
Basement
DrivewayGarage Type:Outside/Surface
Garage Spaces
HeatGas Forced Air Open
A/CPartial

Extras

Price History

Last Sold Price

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Appreciation

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Avg. Days Listed

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Today, For Sale for $1,099,000

For Sale · 0 days

$1,099,000

MLS® X13874368

4 hours ago

Not Sold Yet

October 2026, For Sale for $1,099,000

For Sale · 0 days

$1,099,000

MLS® X13874368

4 hours ago

Not Sold Yet

June 2026, Withdrawn for $1,099,000

Withdrawn · 60 days

$1,099,000

MLS® X13049732

3 months ago

Canceled on Jun 27, 2026

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