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.
Address
81 Empire Street
List Price
$3,600,000
MLS® Status
New
Expiration Date
2026-10-13
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
Sale
Area
Welland
Sub-Area
773 - Lincoln/Crowland
Region
Niagara
Lot Size Source
MPAC
Lot Depth
200
Lot Type
Lot
Lot Size Units
Feet
Lot Width
92.37
Parcel Number
641130070
Total Building Area
16598
Occupant Type
Tenant
Cross Street
Empire St/Welland St
MLS® Number
X12996888
Listing Brokerage
EXP REALTY
Postal Code
L3B 2L3
Posession Details
TBD
Tax Amount
$33,926.00
Tax Year
2025
Standard Status
Active
Board Or Association
Ottawa Real Estate Board
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
None
