35 Ontario Road Welland, Ontario L3B 5C1

Central Air Conditioning Forced Air


Attention investors! 7.5% CAP RATE!! With this property's strategic location close to the upcoming huge residential project by EMPIRE HOMES, this great property offers a mix of commercial and residential units, it presents an excellent chance to diversify your portfolio and capitalize on the thriving real estate market with a huge potential to build up to 8 stories high and add up to 6 more residential units for a much handsome return on your investment. Conveniently located on the main floor are two commercial units, offering excellent visibility and accessibility to attract a diverse range of businesses. This prime positioning ensures a steady flow of potential tenants and promising future income. Ascending to the 2nd story, you'll find four residential units, each with its own private entrance and separate Hydro meters, ensuring privacy and ease of access for tenants. There are three, two-bedroom units and one three-bedroom unit. As an added bonus, each residential unit comes equipped with its own separate laundry facilities, eliminating the hassle of shared laundry spaces and further enhancing the appeal for prospective tenants. Parking will never be an issue here, as both the front and rear of the building offer ample parking spaces for up to 20 cars for residents and customers alike. Convenience is key, and this property delivers on that front. Don't miss out on this golden investment opportunity! Embrace the potential for high returns, the ease of management, and the satisfaction of providing your tenants with top-notch living and working spaces. Take the leap and make this property yours today! To add the cherry on the top, Seller take back mortgage may also be partially possible! (id:47878)

Property Details

MLS® Number 40459280
Property Type Other
Amenities Near By Public Transit, Schools
Community Features High Traffic Area


Basement Development Unfinished
Basement Type Full (unfinished)
Cooling Type Central Air Conditioning
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Exterior 9000.0000
Utility Water Municipal Water


Attached Garage


Acreage No
Land Amenities Public Transit, Schools
Sewer Municipal Sewage System
Size Depth 165 Ft
Size Frontage 70 Ft
Zoning Description Cc2


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