35 Ontario Road, Welland, ON L3B 5C1
773 - Lincoln/Crowland, Welland · Near Canal Bank St - Ontario Rd · View map
About this home
INVESTOR / BUILDER ALERT 9.40% CAP + 11.27% potential CAP! HIGH-YIELD MIXED-USE OPPORTUNITY WITH MAJOR UPSIDE! Approx. 8,000 sq. ft. property featuring 4 residential + 3 commercial units on a large 70.41' x 165' lot. Currently generating approximately $103,350 NET INCOME, representing an attractive 9.40% CAP rate. With two residential units currently below market rent, projected income can increase to approximately $148,572 annually with $123,870 NET INCOME - potential 11.27%+ CAP. Multiple ways to add value: convert the main floor into 4 apartments + 1 commercial unit, explore additional units at the rear, or potentially add a third floor, subject to approvals. Flexible CC2 Community Commercial zoning supports numerous income-producing uses, including restaurant, retail, grocery, daycare, medical/clinic, offices, fitness, hospitality, residential and more. Priced below replacement cost with strong existing cash flow, flexible zoning and significant redevelopment potential. A rare opportunity for investors, builders or owner-users looking to increase income and long-term value. Sold "as is, where is".
The home
- Type
- Store w apt / office
- Square footage
- 8000 sq ft
- Lot size
- 70.4 x 165 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Partial
Garage & parking
- Garage
- Outside/Surface
- Total parking
- None
Taxes & other
- Property taxes
- $12,400/yr
- Tax year
- 2025
- Occupancy
- Tenant
- Possession
- Immediate
- Cross street
- Canal Bank St - Ontario Rd
- Neighbourhood
- 773 - Lincoln/Crowland
More
- MLS® number
- X13874368
No matching details. Ask Will instead
No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
35 Ontario Road, Welland, ON L3B 5C1
773 - Lincoln/Crowland, Welland · Near Canal Bank St - Ontario Rd
Get directionsWhat’s nearbySchools nearby
Open this tab to load nearby schools.
Your commute
Enter where you go every day to see real drive times:
Listing history for 35 Ontario Road
See what this home and others at the same address were listed for, what they sold for, and how long it took.
Sold prices are for members. It’s free, takes a few seconds, and unlocks the sale history on every listing.
Frequently asked questions about 35 Ontario Road
Answers come straight from this home’s MLS® listing.
How much is 35 Ontario Road listed for, and what would it cost each month?
35 Ontario Road is listed for $1,099,000. With 20% down ($219,800), the mortgage payment would be roughly $4,433 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $5,466 a month, all in. That figure is an illustration, not a quote.
Is 35 Ontario Road freehold or a condo, and is there a monthly fee?
35 Ontario Road is a store w apt / office in 773 - Lincoln/Crowland, Welland. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 35 Ontario Road have a garage and parking?
Yes. The listing shows the garage as outside/surface. The listing does not include a parking space.
What style of home is 35 Ontario Road?
35 Ontario Road is a store w apt / office. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 35 Ontario Road, and what is the lot size?
The lot is listed as 70.4 x 165 ft.
How is 35 Ontario Road heated and cooled?
Heating is gas forced air open. Cooling is partial.
What are the property taxes for 35 Ontario Road?
Property taxes are $12,400 a year (2025), or about $1,033 a month.
Where is 35 Ontario Road?
35 Ontario Road is in the 773 - Lincoln/Crowland community of Welland. The nearest main intersection is Canal Bank St - Ontario Rd. The postal code is L3B 5C1.
Is 35 Ontario Road still for sale?
Yes. It is an active listing (MLS® X13874368). Listings here update from the board through the day and come down once a home sells.
What are similar properties near 35 Ontario Road asking?
Similar properties for sale nearby right now include 353 Dain Avenue at $948,000, 366 Crowland Avenue at $799,900 and 187 King Street at $1,060,000. These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 35 Ontario Road sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 35 Ontario Road?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar properties nearby
More properties for sale near 773 - Lincoln/Crowland, picked by style, size and price.
Investment$948,000353 Dain Avenue, Welland1 bath · 773 - Lincoln/CrowlandCourtesy of: BOLDT REALTY INC., BROKERAGEView home →
Investment$799,900366 Crowland Avenue, Welland773 - Lincoln/CrowlandCourtesy of: COLDWELL BANKER ADVANTAGE REAL ESTATE INC, BROKERAGEView home →
Sale of business$1,060,000187 King Street, Welland768 - Welland DowntownCourtesy of: BAY STREET GROUP INC.View home →Courtesy of: COSMOPOLITAN REALTY
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.