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81 Empire Street

$3,600,000

For Sale

MLS # X12996888

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Property Type

Commercial

Bedrooms

0

Bathrooms

0

Square Footage

N/A

Building Age

N/A

Time on Market

198 Days

Description

Exceptional turnkey 17-unit apartment building in Welland offered at a 5.5% cap rate with approximately $3,300,000 in assumable financing at 4.75% through June 2029. Fully renovated throughout, all suites offer modern finishes, heat pumps, and in-suite laundry, with most units featuring private balconies. A major value driver is the 5 units added around 2022, which are exempt from Ontario rent control and create outstanding future rental growth potential. Professionally managed and highly stabilized, this is a rare opportunity to acquire a low-maintenance, cash-flowing multifamily asset with built-in upside and favourable debt already in place. Please note all measurements, lot sizes and building sizes in the listing are approximate and are to be confirmed by the Buyer.

Property Summary

Building Type

Investment

Land Size

92.37 x 200 feet

Storeys

N/A

Property Tax - 2025

$33926

Address

Address

81 Empire Street

City

Welland

Postal Code

L3B 2L3

Province

Ontario

Community Name

773 - Lincoln/Crowland

Country

Canada

Details

Building Overview

Bedrooms & Bathrooms

  • Total Bedrooms - 0
  • Total Bathrooms - 0

Interior

Exterior

Heating & Cooling

  • Heat Type - Gas Forced Air Open
  • Heat Source - Unknown
  • Cooling Source - Yes

Utilities

  • Water Service - Municipal
  • Sewer Service - Unknown

Rooms Overview

Room Floor Dimensions Features
No room data available for this listing

Land Overview

Lot Dimensions

92.37 x 200 Feet

Property Features

Shoreline

Questions?

Interested in scheduling a viewing? Or just have some questions about the listing? Let us know!

EXP REALTY

Brokerage

424 CATHERINE ST UNIT 200

OTTAWA, ON, K1R5T8

866-530-7737

Disclaimer

Listing data is copyrighted by the Toronto Regional Real Estate Board. It is intended solely for consumers with a genuine interest in the purchase, sale, or lease of real estate and may not be used for any commercial or unrelated purposes. While the information is believed to be reliable, accuracy is not guaranteed by Toronto Regional Real Estate Board or Brick & Noble. No representations or warranties, express or implied, are made by Brick & Noble or its affiliates as to the accuracy or completeness of the information shown. Data is deemed reliable but not guaranteed and should be independently verified.