35 Ontario Road 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 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:35868)
Property Details
| MLS® Number | 40459276 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit |
| Community Features | High Traffic Area |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 4 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 9000 |
| Utility Water | Municipal Water |
Land
| Access Type | Highway Access |
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 165 Ft |
| Size Frontage | 70 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Cc2 |
https://www.realtor.ca/real-estate/25899043/35-ontario-road-welland
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September 13 2023 02:43:42
Niagara Association of REALTORS®
RE/MAX Niagara Realty Ltd., RE/MAX Niagara Realty Ltd.brokerage
