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$3,600,000
Ontario,Welland (Lincoln/Crowland)
For Sale Active
81 EMPIRE STREET, Welland (Lincoln/Crowland), Ontario L3B2L3
  • 16,598 Sqft
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Basic Details
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. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X12996888
  • Price: $3,600,000
  • Square Footage: 16,598 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 293989
Features & Appliances
Features
  • Heating System: Other, Forced air, Natural gas
  • Cooling System: Fully air conditioned
Address Map
  • Location: CA, Ontario, Welland (Lincoln/Crowland), L3B2L3
  • Street: Empire
  • Street Number: 81
  • Street Suffix: Street
  • Longitude: W80° 45' 33.8''
  • Latitude: N42° 59' 26.1''
Additional Information
  • Water Source:
  • Lot Size Dimensions: 92.37 x 200 FT
Financial
  • Tax Annual Amount: 33926
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Listing updated: 2026-04-16 13:29:52
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Listing Information
  • List Agent Key: 2041708
  • List Office Key: 293989
  • Modification Timestamp: 2026-04-14T18:15:56Z
  • Originating System Name: Ottawa Real Estate Board
  • Status Change Timestamp: 2026-04-14T18:05:05Z
Powered by REALTOR.ca
Listing updated: 2026-04-16 13:29:52
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