35 Ontario Road Welland (Lincoln/crowland), Ontario L3B 5C1
$1,099,000
Investor/Builder/Contractor Alert ! 9.8% CAP Rate with $108,000+ Net Income and Potential to boost income to $126,000 with projected upto 11.48% CAP. Mixed-use investment opportunity offering strong immediate cash flow with clear value-add upside. The property currently generates $108,000+ in net annual income. With light cosmetic improvements and rent adjustments to market levels, there is a realistic opportunity to increase net income to approximately $126,000.This is a low-lift value-add opportunity with no major construction required, making it attractive for investors, builders, and contractors looking to enhance value through strategic improvements, stabilize income, and potentially refinance or hold for long-term cash flow.The property currently consists of 4 residential units and 3 commercial units within an approximately 8,000 sq. ft. building, offering strong in-place income with clear value-add potential. Strategically located near major new developments, including a 300,000+ sq. ft. manufacturing facility and newly built residential townhome communities, the asset benefits from continued area growth and demand. There is additional upside potential, including the possibility to add more units at the rear of the property, construct a third floor, and potentially convert the main floor into four residential apartments and one commercial unit (buyer to verify all development possibilities and zoning). Concept drawings are available for reference. The information brochure is attached to the Listing. (id:45725)
Property Details
| MLS® Number | X12868740 |
| Property Type | Retail |
| Community Name | 773 - Lincoln/Crowland |
| Amenities Near By | Highway, Public Transit |
Building
| Cooling Type | Partially Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 8000 Sqft |
| Type | Residential Commercial Mix |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Highway, Public Transit |
| Size Depth | 165 Ft |
| Size Frontage | 70 Ft ,4 In |
| Size Irregular | 70.41 X 165 Ft |
| Size Total Text | 70.41 X 165 Ft |
| Zoning Description | Insh, Cc2 |
Interested?
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Niagara Association of REALTORS®
Cosmopolitan Realty
March 10 2026 11:25:21
