Welland, ON L3B5C1 35 ONTARIO ROAD

Exceptional Investment Opportunity 8% CAP Rate with Room to Grow!Discover 35 Ontario Road, a fully leased, mixed-use gem offering strong cash flow and future upside. Perfectly positioned in central Welland, directly across from the soon-to-open Linamar Giga Casting Factory a 300,000 sq. ft. facility launching in February 2025 and bringing over 200 new jobs to the area. This solid investment currently yields an 8% CAP rate, with the potential to reach 9.4% through expansion or rental optimization. The property includes 4 self-contained residential units (3 two-bedroom, 1 three-bedroom) each with private entrances and separate hydro meters plus 2 street-level commercial spaces, one of which is owner-occupied, offering a fantastic opportunity for entrepreneurs looking to set up shop. Its high-traffic location is ideal for retail or a convenience store, with no direct competition nearby and a growing residential base. Nestled beside a new community of 100+ townhomes by Multani Homes and adjacent to a future 23-unit apartment development, this property sits at the center of Wellands booming growth. The deep 165 ft lot offers impressive development potential zoning allows up to 8 stories, with plans available for an additional 4 residential units. A newer roof (2017) and on-site parking for up to 20 vehicles make this a low-maintenance, turn-key asset. Minutes from the Welland Canal, transit, highways, and major projects like Empire Homes, this is an unbeatable opportunity for investors seeking both immediate returns and long-term appreciation. Information Brochure available in the Listing Attachments. (id:7434)