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STAN KHURANA
Sales Representative


Cell: 647-383-6000
Office: 905-883-1988
Fax: 905-883-8108

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CENTURY 21 ATRIA REALTY INC., BROKERAGE
Independently owned and operated.
C200-1550 Sixteenth Ave Bldg C Richmond Hill, ON L4B3K9


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$1,099,000
Available - For Sale
Listing ID: X13874368
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".
Price $1,099,000
Taxes: $12,400
Tax Type: Annual
Occupancy by: Tenant
Address: 35 Ontario Road , Welland, L3B 5C1, Niagara
Postal Code: L3B 5C1
Province/State: Niagara
Legal Description: PT LTS 209, 210 & 211 PL 565 PART 1 59R1
Directions/Cross Streets: Canal Bank St - Ontario Rd
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Store With Apt/Office
Building Percentage: T
Total Area: 8,000
Total Area Code:  Sq Ft Divisible
Office/Appartment Area: 4000
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Area Influences: Major Highway   Public Transit
Maintenance: 0
Sprinklers: No
Heat Type: Gas Forced Air Open
Central Air Conditioning: Partial
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COSMOPOLITAN REALTY

35 Ontario Road , Welland, L3B 5C1, Niagara

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Stan Khurana
Sales Representative
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6473836000
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905-883-1988

 
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Type: Com - Store W Apt/Office
Area: Niagara
Municipality: Welland
Neighbourhood: 773 - Lincoln/Crowland
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Lot Size: x 165.00(Feet)
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Tax: $12,400
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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