81 EMPIRE STREET, Welland, Ontario

16,598 Square Feet

$3,600,000

Listing ID: X12996888 Property Type: Multi-family

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:25961)

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Details

Transaction: For sale
Zoning Description: RM

Building

Cooling: Fully air conditioned
Fireplace Present: False
Heating: Forced air, Other
Heating Fuel: Natural gas
Size Interior: 16598 sqft
Type: Multi-Family
Utility Water: Municipal water

Land

Size Frontage: 92 ft ,4 in
Size Irregular: 92.37 x 200 FT

Listing provided by EXP REALTY
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 81 EMPIRE STREET in Welland Ontario. It was last modified on April 27th, 2026. Contact Stéphane Chevalier to schedule a viewing or to discover other Welland real estate for sale.

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