35 Ontario Rd

About this Property

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".

Listing Details

MLS #

X13874368

Board

PROPTX

Market

ontario

Property Type

Store W/Apt/Office

Style

Store With Apt/Office

Garage

Outside/Surface

Basement

Y

Heating

Gas Forced Air Open

Cooling

Part

Lot Size

70.41 × 165 ft

Annual Taxes

$12,400/yr

Listed By

COSMOPOLITAN REALTY

Listed On

October 7, 2026