35 Ontario Rd Welland, Ontario L3B 5C1
$1,299,000
Attention investors! 7.5% CAP RATE!! With this property's strategic location close to the upcoming huge residential project, this great property offers a mix of commercial and residential units, it presents an excellent chance to diversify your portfolio & capitalize on the thriving real estate market w/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 2 commercial units, offering excellent visibility & accessibility to attract a diverse range of businesses. This prime positioning ensures a steady flow of potential tenants & promising future income. Ascending to the 2nd story, you'll find 4 residential units, each w/its own private entrance and separate Hydro meters, ensuring privacy and ease of access for tenants. There are three, two-bdrm units and one three-bdrm unit. Each has its own laundry facilities. Parking is never an issue w/parking for up to 20 cars. (id:50886)
Property Details
| MLS® Number | X7013746 |
| Property Type | Office |
Building
| Cooling Type | Fully Air Conditioned |
| Size Exterior | 9000 Sqft |
| Size Interior | 9000 Sqft |
| Type | Offices |
Land
| Acreage | No |
| Size Irregular | Bldg=70 X 165 Ft |
| Size Total Text | Bldg=70 X 165 Ft |
https://www.realtor.ca/real-estate/26076834/35-ontario-rd-welland
Interested?
Contact us for more information
Shawn Delaat
Salesperson
(905) 687-9600
(905) 687-9494
HTTP://www.remaxniagara.ca
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September 19 2023 10:31:08
Toronto Real Estate Board
RE/MAX Niagara Realty Ltd.