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35 Ontario Rd
Welland, ON L3B 5C1

Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Easily accessible.

EXECUTIVE SUMMARY

Prime Investment Opportunity High CAP Rate with Growth Potential! Welcome to 35 Ontario Road, a high-yield, mixed-use property in the heart of Welland. This fully tenanted property delivers a strong 6.5% CAP rate. It features 4 residential apartments (3 two-bedroom and 1 three-bedroom, all with private entrances and separate hydro meters) and 2 commercial units on the ground floor, with one unit currently owner-occupied, a perfect opportunity for a buyer to establish their own business. The property's prime location makes it ideal for a convenience store/retail store, as there are no similar businesses nearby, ensuring a strong demand and steady customer flow.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,000 SF
Building Class
C
Year Built
1929
Price
$899,366 USD
Price Per SF
$112 USD
Cap Rate
6.50%
NOI
$58,459 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.71
Lot Size
0.26 AC
Zoning
CC2 - Commercial
Parking
20 Spaces (2.5 Spaces per 1,000 SF Leased)
Frontage
70 FT on Ontario Road

AMENITIES

  • Air Conditioning
  • Listing ID: 34542447

  • Date on Market: 1/20/2025

  • Last Updated:

  • Address: 35 Ontario Rd, Welland, ON L3B 5C1

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